Luminance Technologies Ltd

Luminance Technologies Ltd, based in Cambridge, UK, is a holding company with an active status, established nine years ago in 05 November 2015. The company employs 152 people and holds assets totaling £8,496,191. It has seven directors, one owner, and a Google rating of 4.0 based on six reviews. Luminance regularly imports electrical machinery and equipment (four months) and exports machinery, boilers, and mechanical appliances (seven months).

The company’s website showcases Luminance LegalGrade AI, a software solution designed to automate and improve contract management for businesses. It offers a suite of tools, including AI-powered negotiation, an intelligent contract repository, a legal chatbot, and business-wide automation. Luminance targets corporate legal teams, offering solutions for due diligence, e-discovery, and contract lifecycle management. The website highlights the technology’s ability to reduce costs, improve efficiency, and mitigate risk. It even has a section dedicated to customer stories and case studies.

Financially, Luminance Technologies Ltd presents a mixed picture. While current assets increased by 21% to £8,500,000, net assets declined by 84% to £2,300,000. Bank borrowings rose by 160% to £6,300,000, and cash reserves fell by 16% to £2,200,000. Creditors increased by 89% to £6,300,000. The company’s substantial increase in trade debtors, up 150% to £2,600,000, could indicate an expansion of credit terms or challenges in collecting payments. The lack of an auditor is not surprising given the company’s size and exemption status. The sharp decline in equity, however, suggests a need for additional investment or a reevaluation of the business model. The company’s continued growth in imports and exports, despite these financial pressures, indicates a strong market demand for its AI-powered legal solutions.

Registered in England/Wales under the registration number 09857705, with a registered address at CB1 2JD, England, Cambridge, 5th Floor 20 Station Road.

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