Luminary Innovations Ltd

Luminary Innovations Ltd is a small, active company based in Derby, UK, founded five years ago in 2020. With just one employee and £11,449 in assets, it operates from a virtual address shared by eighteen other companies, a fact that raises a few questions. The company is led by one director and owner, Radford Carly. It specializes in retail sales via mail order and internet, alongside operating in the human health activities industries. The company’s website highlights its focus on innovative lighting solutions, particularly decorative, home, and commercial lighting, with a manufacturing base in China.

The Luminary Innovation website showcases a range of lighting products, from smart lighting and LED decor to motif and Christmas lights. It emphasizes a 20-year experience in the industry, a professional team, and a commitment to high-quality, energy-efficient products. The company’s address is listed as Collaborative Innovation Park, Dongguan City, Guangdong Province, P.R. China, suggesting a significant portion of its operations are based overseas. The website’s design is fairly basic, indicating a focus on functionality over aesthetics.

Financially, Luminary Innovations Ltd presents a mixed picture. While cash reserves remained stable at £11,000, net assets declined by 9.3% to £3,900. Trade debtors decreased by 6%, which could indicate improved collection efforts, however, creditors increased by 40% to £2,000. The company’s small size—meeting two of three criteria for a small company—helps it remain agile, but the decrease in net assets suggests a need for careful financial management. Property plant and equipment also decreased by 15%, which is a concern. As a small company, it’s exempt from an audit, so the figures are unaudited. The company's small size and reliance on a single employee also suggest a lean operation, but it could also indicate a lack of resources for growth.

Registered in England/Wales under the registration number 12516717, with a registered address at DE1 1BR, England, Derby, The Tax Partnership, 2 Cheapside.

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