Lumier Ltd

Lumier Ltd, based in Barrow In Furness, UK, is a small, family-run business with an active status, celebrating 25 years in operation. Employing eight people, the company holds £87,327 in assets and operates from a real address. With one director and two owners, it's a tight-knit team. While a regular importer, it hasn't imported anything in over two years, with its last import activity recorded in January 2021. Export activity is even more sporadic, with only two months of exports recorded, the last being in October 2018.

The company operates within the manufacture of electronic components industries, and its website, INfurness Local, reveals a broader role as a local business directory. INfurness Local hosts over 1,800 local businesses across more than 500 categories, providing a platform for local consumers to find everything from car sales to florists. It positions itself as a champion of local businesses, aiming to level the playing field against larger national chains. The site’s success relies on connecting local people with local providers, and its advertising model appears to be a mix of listings and potential advertising revenue.

Financially, Lumier Ltd shows some concerning trends. Current assets have fallen by 31%, dropping to £87,000, and net assets have plummeted 38%, settling at £51,000. Bank borrowings have decreased by 18%, reaching £74,000, and cash reserves have drastically fallen by 99%, leaving just £320. Creditors have remained relatively stable, but the significant drop in cash reserves is a worrying sign. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor (likely exempt due to its size) means the figures are unaudited.

The decline in cash reserves and net assets suggests Lumier Ltd may be burning through money, although the decrease in bank borrowings is a positive sign. The company's reliance on a local business directory, while providing a valuable service, may not be generating sufficient revenue to sustain its operations. The family-run nature of the business could be both a strength and a weakness, providing stability but potentially limiting access to external funding or expertise.

Registered in England/Wales under the registration number 03805368, with a registered address at LA14 4BQ, Barrow In Furness, Cumbria, County Park Trading Estate, Park Road.

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