Lumag Ltd

Lumag Ltd is a small, active company based in Doncaster, UK, founded thirteen years ago in 2011. With £477,619 in assets and a real registered address, it’s a solo-founded operation run by a single director and owner. The business is a regular importer and exporter of vehicles, parts, and accessories (excluding trains and trams), with 50 months of import activity and 46 months of export activity recorded, the latest in February 2025. It’s a tight-knit operation with just three employees.

The company operates in the wholesale trade of motor vehicle parts and accessories, a sector that’s competitive but always in demand. While a website isn’t available to examine, the business likely focuses on B2B sales, supplying garages, repair shops, and other businesses with the parts they need. The company’s consistent import and export activity suggests a well-established supply chain and a reliable customer base.

Financially, Lumag Ltd presents a mixed picture. Current assets decreased by 2.5% to £480,000, while net assets decreased by 2.9% to -£1,500,000. Bank borrowings remained stable, and cash reserves increased dramatically by 460% to £19,000. Trade debtors remained stable, suggesting consistent payment collection. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the negative equity raises some questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Despite the negative equity, the increase in cash reserves and stable trade debtors indicate a possible turnaround. The company’s consistent import and export activity suggests a well-established supply chain and a reliable customer base. It's a company that’s clearly working hard to navigate the challenges of the wholesale parts market.

Registered in England/Wales under the registration number 07844877, with a registered address at DN4 8SJ, United Kingdom, Doncaster, South Yorkshire, Unit 10 Bullrush Business Park, Bullrush Grove.

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