Lucid Electronics Limited

Lucid Electronics Limited is a small, active company based in Bedford, UK, founded eight years ago in 2016. With £614,528 in assets and a real registered address, it’s a solo-founded operation run by a single director and owner, Mills Mark Andrew. The company employs just two people and operates in the wholesale of electronic and telecommunications equipment and parts industries. It’s a regular importer, bringing in electrical machinery and equipment for 36 months, with the latest import recorded in February 2025. Similarly, it exports electrical machinery and equipment for 24 months, with the most recent export in December 2024.

The company's website is currently unavailable, making it difficult to assess its online presence or e-commerce activities. It seems to focus on wholesale rather than direct retail, suggesting a business-to-business model.

Financially, Lucid Electronics Limited shows a generally positive trend. Current assets have increased by 36% to £610,000, while equity has also grown by 40% to £510,000. Cash reserves have seen a significant boost, rising by 59% to £550,000. However, trade debtors have decreased by 43%, which could indicate tighter credit control or slower customer payments. Creditors have also increased by 20%, which is not unusual with a growing business. Plant and machinery have increased by 84%, suggesting investment in equipment. The company meets two of three conditions to be considered small (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees), and no auditor is mentioned, likely due to exemption as a small company.

Overall, Lucid Electronics Limited appears to be financially healthy, with growing assets and cash reserves. The decrease in trade debtors is something to monitor, but the company's solid financial performance suggests it’s on a stable footing.

Registered in England/Wales under the registration number 10385887, with a registered address at MK41 7PH, England, Bedford, Unit 425 Bedford Heights Brickhill Drive.

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