Lumartech Ltd

Lumartech Ltd is a small, active company based in London, UK, established ten years ago in June 2014. With three employees and £96,016 in assets, it operates from a virtual address – one of 862 companies registered at the same location – and is run by three directors and four owners, making it a family business. The company regularly imports electrical machinery and equipment, with 29 months of import activity recorded, the last in June 2024.

Lumartech Ltd functions as an agent involved in the sale of a variety of goods, and its website is non-existent. It’s a small company, meeting two of three criteria: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees.

Financially, Lumartech Ltd’s recent performance presents a mixed picture. Current assets have decreased by 13%, falling to £96,000, while cash bank on hand has seen a significant increase of 170%, reaching £73,000. However, debtors have plummeted by a substantial 81%, dropping to just £15,000, which could indicate difficulties in collecting payments. Creditors have remained relatively stable, and equity has decreased by 20%, sitting at £32,000. Bank borrowings have also decreased slightly, down to £5,600. The company’s net assets and liabilities have also decreased by 18%, sitting at £64,000.

While the company’s cash position has improved, the sharp decline in debtors is concerning. It suggests potential issues with customer payments, and could be a sign of cash flow problems down the line. The lack of an auditor is typical for a small company, and the unaudited financial statements should be viewed with a degree of caution. Overall, Lumartech Ltd appears to be navigating a period of change, with both positive and negative trends emerging.

Registered in England/Wales under the registration number 09095307, with a registered address at RG45 7BF, United Kingdom, Crowthorne, Berkshire, Suite 2 1 Kings Road.

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