Lumi Therapy Ltd

Lumi Therapy Ltd, based in Exeter, UK, is a small, active company founded four years ago. With four employees and £2,306,073 in assets, it operates from a real address and is overseen by two directors and two owners. The company regularly imports machinery, boilers, and mechanical appliances – parts, having done so for 49 months, with the latest import occurring in February 2025. It also exports the same items, having done so for 18 months, with the most recent export also in February 2025.

The company’s website showcases a range of cold water therapy products, including portable and professional ice baths, chillers, sauna products, and apparel. It emphasizes the benefits of cold water immersion for recovery, resilience, and performance, targeting athletes and wellness enthusiasts. The site features a community section, testimonials, and a blog with articles on cold water therapy. It’s clearly an e-commerce business, with a focus on direct-to-consumer sales and a strong brand identity.

However, a review of the company’s financial data reveals some concerning trends. While cash reserves increased by 280% to £570,000, liabilities have surged dramatically. Bank borrowings have ballooned by an incredible 2,400%, reaching £930,000. Creditors have also increased significantly, jumping 800% to £2.2 million. Net assets have risen by 190% to £270,000, but the massive increase in debt suggests the company is relying heavily on borrowing to fund its operations. A large increase in trade debtors (410%) could indicate difficulty in collecting payments. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to be agile, but the debt load is a significant risk. As a small company, it is exempt from an audit, so the financial statements are unaudited.

It’s likely the company has been investing heavily in marketing and product development to drive sales, but the reliance on debt raises questions about its long-term financial sustainability. The company’s success will depend on its ability to convert sales into cash flow and manage its debt obligations effectively.

Registered in England/Wales under the registration number 13005605, with a registered address at EX2 8NY, England, Exeter, 1 Marsh Green Road North.

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