Lumen Electronics Ltd

Lumen Electronics Ltd from Antrim, UK, is a small, active company founded eleven years ago in 2013. With four employees and £329,470 in assets, it operates from a real address within the Shivers Business Park. The company has two directors but no owners reported, which is a bit unusual. It boasts a perfect 5.0 Google rating based on two reviews, demonstrating a positive customer experience. Lumen Electronics is a regular importer, primarily dealing in electrical machinery and equipment, with 11 months of import activity recorded, the latest in April 30, 2024.

The company’s core business appears to be the manufacture of other electrical equipment, and it’s described as an electronic engineering service provider based in Toomebridge, Northern Ireland. It’s a private limited company with a registration number NI621145. It’s a small company, meeting two of three conditions for classification: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

Looking at the financial data, Lumen Electronics Ltd shows some interesting trends. Cash reserves have increased significantly, jumping 96% to £110,000, which is a positive sign. Current assets are up 50% to £330,000, suggesting improved liquidity. However, net losses deepened to -£12,000, and bank borrowings increased by 2.3% to £45,000. Creditors also decreased by 13%, which is good. The company’s workforce has expanded, with an average of six employees reported, a 50% increase from the previous year.

The company received a bounce back loan repayable over five years, and there’s no security held against it. It also appears that the company carried out a Statutory Demerger process in July 2024, transferring the net assets of its software element to another associated company. This suggests a strategic shift in focus. With no auditor mentioned, the accounts are unaudited. Overall, Lumen Electronics Ltd seems to be navigating a period of growth and change, with both opportunities and challenges ahead.

Registered in Northern Ireland under the registration number NI621145, with a registered address at BT41 3SF, Antrim, Unit 5gshivers Business Park 21 Hillhead Road, Toome.

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