Luna Lark Ltd

Luna Lark Ltd from Consett UK: small company, active status, founded 6 years ago, accounts overdue 7 months, confirmation overdue 4 months, 1 employee, real address, 1 director, 1 owner. It’s a small, family-run business with a real registered address and one director, Karen Shorthouse, at the helm. The company was incorporated on November 09, 2018, and currently employs just one person. It operates in the manufacture of women's underwear and retail sales via mail order and internet, a niche market that requires careful attention to detail.

The company’s website, while not actively maintained, hints at a focus on quality and craftsmanship. It's clear they're targeting a specific customer base seeking unique and well-made undergarments. The single employee likely handles all aspects of the business, from design and production to marketing and sales. It’s a lean operation, meeting two of three criteria to be considered small: turnover less than £10.2 million, balance sheet less than £5.1 million, and fewer than 50 employees.

Financially, Luna Lark Ltd is facing some challenges. Cash reserves have dwindled significantly, dropping 86% to just £280. Bank borrowings have decreased by 25%, but creditors have increased by 32% within the last year, and by a staggering 35% overall. Net assets are down 7.8% to -£35,000, reflecting ongoing losses. Loans from directors have increased by 31%, suggesting a reliance on personal investment. While depreciation on plant and machinery remains steady, the overall picture paints a concerning trend. The accounts are unaudited and classified as "filleted," meaning they’re simplified due to the company’s small size.

It's likely the company is struggling to maintain profitability, possibly due to increased costs or slowing sales. The overdue accounts and confirmation statements further indicate a lack of resources or administrative oversight. While the small size offers flexibility, it also limits the company’s ability to weather financial storms. The lack of an auditor, common for small entities, means these figures rely solely on the director’s reporting.

Registered in England/Wales under the registration number 11670054, with a registered address at DH8 8NP, England, Consett, Durham, 50 Durham Road, Blackhill.

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