Lundia (uk) Ltd

Lundia (UK) Ltd, based in York, is a small, active company founded 26 years ago. With just two employees and £68,012 in assets, it operates from a virtual address, a detail that's a little odd considering sixteen other companies are registered at the same location. Four directors and one owner, who is also the solo founder, guide the business, which currently holds a perfect 5.0 Google rating based on eight reviews.

The company specializes in retail sales via mail order and the internet, offering a wide range of ergonomic office furniture – chairs, desks, and accessories. Its website highlights a focus on comfort, productivity, and wellbeing, with categories ranging from mesh office chairs to sit-stand solutions and even educational furniture. It’s clear they’re targeting businesses and individuals seeking to improve their workspace. They even have a showroom!

Financially, Lundia (UK) Ltd presents a mixed picture. While current assets increased slightly to £68,000, net assets declined significantly by 72% to just £22. Bank borrowings jumped a staggering 2,400%, reaching £29,000, and cash reserves fell 84% to a mere £2,200. Creditors also increased, suggesting a need for better debt management. The company’s small size—meeting two of three criteria for a small company—allows for flexibility, but the sharp drop in equity is a concern. There's no mention of an auditor, likely due to its small size and exemption from an audit.

The surge in bank borrowings and the decrease in cash reserves suggest that the company may be burning through money. Perhaps they're investing heavily in marketing or expanding their product line. It’s possible the virtual address is a cost-saving measure, but it does raise questions about the company's long-term stability. Overall, Lundia (UK) Ltd appears to be a well-regarded business with a strong online presence, but its financial health warrants close monitoring.

Registered in England/Wales under the registration number 03665125, with a registered address at YO30 5PA, York, Equinox House, Clifton Park Avenue.

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