Lumisi Ltd

Lumisi Ltd from Chester, UK, is a small, family-run business with an active status, having been founded fourteen years ago in 2010. With fifteen employees and £172,176 in assets, it operates from a real address and is overseen by five directors and three owners. The company is irregular importer of various textile products, sets, used clothing, and rags (imported for one month), and a regular exporter of clothing and accessories made by knitting or crocheting (exported for four months).

The business appears to be focused on textile-related trade, with a website that is currently unavailable. This suggests a primarily business-to-business operation rather than direct consumer sales. It's likely that Lumisi Ltd sources textiles and crafts from various suppliers, then exports finished goods to international markets.

Financially, Lumisi Ltd’s recent performance shows a mixed picture. Current assets have decreased by 8.5% to £170,000, while bank borrowings have increased by a substantial 2,400% to £29,000. Cash reserves have also fallen by 30% to £73,000. Creditors have decreased by 18%, which could indicate improved debt management. The company meets the criteria for a small business – turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. Although the company has a decline in net assets, it is still a small company.

The company's trade debtors have increased by 18%, which could be a sign of delayed customer payments or expanded credit terms. The company’s other creditors have decreased by 18%, which could indicate improved debt management. The company’s other taxation social security payable has increased by 60%, which could indicate increased taxation. It’s worth noting that the company’s financial statements are unaudited, as it’s exempt from an audit due to its size. Overall, Lumisi Ltd seems to be facing some financial pressures, but its small size and family ownership could provide resilience in the long term.

Registered in England/Wales under the registration number 07278952, with a registered address at CH3 6HJ, United Kingdom, Chester, Bank Farm Buildings Chester Road, Aldford.

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