Lumea Ltd

Lumea Ltd, based in Tiverton, UK, is a small holding company with an active status, having been established 23 years ago. With eight employees and £1,474,165 in assets, it operates from a real address and is managed by two directors and a single owner. The company is a regular importer and exporter, specializing in furniture, lighting, and prefabricated buildings, with 45 months of import activity and 71 months of export activity.

The company's website, LumeaLtd.co.uk, reveals a business primarily focused on supplying the hotel and restaurant trade. It offers a wide range of tabletop candle lighting solutions, including liquid wax candles, electric candles, and traditional wax candles. The website also features a section on chafing fuels and a showcase of trade shows where the company has participated. It’s clear that Lumea operates an e-commerce platform, allowing customers to browse and purchase products online.

Financially, Lumea Ltd presents a mixed picture. Current assets have decreased by 41%, dropping to £1,500,000, while net assets have fallen by a significant 28%, settling at £2,700,000. Bank borrowings have been reduced by 92%, to just £950, and cash reserves have declined by 57%, to £560,000. Creditors have increased by 8.2%, to £220,000. The company’s small size (meeting two of three criteria for a small company) allows for flexibility, but the decrease in equity suggests some financial pressure. The company is exempt from an audit, so the figures are unaudited.

The company’s investments have increased by a small amount, and it's clear that the company is working to manage its debts. It's possible that the decrease in cash reserves is due to investments in the business or increased operating expenses. The company’s trade debtors have also decreased, which is a positive sign.

Registered in England/Wales under the registration number 04314723, with a registered address at EX16 4NG, England, Tiverton, Devon, Unit 2 Hartnoll Business Centre, Post Hill.

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