Lts Refurbishment Limited

Lts Refurbishment Ltd, based in Hexham, UK, is a large, active company established 28 years ago. Employing 54 people, it boasts significant assets of £12,670,792 and generates a yearly revenue of £50,033,956. The company, with four directors and a single owner, operates from a real address and regularly imports furniture, lighting, and prefabricated buildings—the latest import was made in December 2024.

The company’s website highlights its focus on refurbishing luxury properties, with a strong emphasis on specialist interiors, from joinery to spas. It’s clear Lts Refurbishment Ltd operates as a service provider, not an e-commerce business. The site showcases a portfolio of refurbishment projects and encourages visitors to learn about the company’s history and team. A London office is mentioned, along with contact details and a call-now button.

Financially, Lts Refurbishment Ltd presents a mixed picture. While turnover is impressive, several key metrics raise concerns. Accrued liabilities increased substantially, by 63%, while cash bank on hand decreased by 16%. Bank borrowings remained relatively stable, but staff costs surged by 29%. The company’s average number of employees also increased significantly, by 59%, which could explain the rise in staff costs. It’s worth noting that deferred tax assets decreased, which could be a sign of reduced tax benefits. Armstrong Watson Audit Limited performed the audit.

Overall, Lts Refurbishment Ltd appears to be a well-established company with a strong reputation. However, the financial data suggests it’s burning through cash, potentially due to increased operating expenses. Whether this is a temporary blip or a longer-term trend remains to be seen, but the company will need to manage its costs carefully to maintain its financial health.

Registered in England/Wales under the registration number 03301464, with a registered address at NE46 4TU, Hexham, Northumberland, Beaufront Park, Anick Road.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.