Lumi-plugin Ltd

LumiPlugin Ltd from Nr Newbury UK is a small, active company founded 10 years ago. It employs six people and holds £852,583 in assets, operating from a real address. With three directors and one owner, it’s a relatively compact team. The company is an irregular importer of electrical machinery and equipment, with just one month of imports recorded as of February 2022.

The company’s website showcases a unique approach to lighting, reimagining it with modular plugins that bring beauty and safety into every home. It's clear they're targeting a premium market, emphasizing sleek design, multifunctional lighting, and smart home connectivity. The site details a range of projects, from residential homes to commercial spaces, highlighting its versatility. They even have a section for clients to upload their designs, showing a commitment to customization. It's a modern, well-designed site, and the focus on sustainability—being a carbon-neutral company—is a nice touch.

Financially, LumiPlugin Ltd shows some concerning trends. Current assets have fallen by a significant 31%, dropping to £850,000, while net assets have plummeted 63%, landing at -£880,000. Bank borrowings have increased substantially, reaching £52,000. Cash reserves are down 97%, leaving just £1,200. Trade debtors have decreased by 21%, which is a positive sign, but the overall picture suggests a company burning through cash. The company’s small size—meeting two of three criteria for being small—helps it remain flexible, but the sharp decline in equity is a red flag. As a small company, it is exempt from an audit, so the figures are unaudited.

It seems that LumiPlugin Ltd is facing financial challenges despite a strong product offering and a well-designed website. The company's focus on innovation and sustainability is commendable, but it needs to address its cash flow issues to ensure its long-term viability.

Registered in England/Wales under the registration number 09152482, with a registered address at RG17 7EH, England, Nr Newbury, Berkshire, The Green Barn The Long Yard, Shefford Woodlands.

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