Lumora Limited

Lumora Ltd from Uxbridge UK: a large company with an active status, was founded 22 years ago. It employs 21 people and holds £606,221 in assets, generating £3,717,710 in yearly revenue. The company has a real address, two directors, one owner (a solo founder), and a stellar 5.0 Google rating based on one review. It regularly imports miscellaneous chemical products (for 10 months) and exports machinery, boilers, and mechanical appliances; parts (for 7 months).

Lumora Ltd operates as an institute dedicated to bio-sensing technology, collaborating with industry and academia to develop innovative solutions. Its mission, "Sensing for Biology and Biology for Sensing," focuses on creating sensors for healthcare, agriculture, and food technology, as well as utilizing biological principles for environmental and security applications. The company’s website highlights its research and development efforts, including partnerships with UWE Bristol and recognition for its innovative technologies, such as Neuronostics. They undertake research and development, often creating prototype systems ready for commercialisation.

Financially, Lumora Ltd presents a mixed picture. While turnover remained stable at around £3.7 million, several key metrics declined. Current assets decreased by 37% to £610,000, and net assets dropped significantly by 67% to £320,000. Bank borrowings surged by 260% to £310,000, and cash reserves plummeted 65% to £32,000. Creditors, however, decreased by 88% to £310,000, suggesting improved debt management. The company’s large size (meeting two of three criteria for a large company) indicates a substantial operation, but the sharp decline in equity raises concerns. The company was audited by Grant Thornton UK LLP, and the accounts are unaudited.

The company’s focus on research and development, coupled with its strong academic partnerships, suggests a commitment to innovation. However, the financial pressures, particularly the drop in cash reserves and equity, warrant close monitoring. It is possible the company is investing heavily in new projects, but the declining financial health needs to be addressed to ensure long-term sustainability.

Registered in England/Wales under the registration number 04569106, with a registered address at UB9 6EJ, United Kingdom, Uxbridge, 9 Park Place, Newdigate Road, Harefield.

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