Lunex Limited

Lunex Limited, based in Manchester, UK, is a small, active company founded 18 years ago. With three employees and £1,374,981 in assets, it’s a modest operation led by two directors and a solo founder. The company boasts a perfect 5.0 Google rating from two reviews, and regularly imports iron or steel products – the last shipment arriving in February 2025.

Lunex Limited operates in both manufacturing and wholesale, specializing in innovative plastic products. Its website showcases a wide range of items, from automotive components to household goods, catering to diverse industries. The site’s design, while functional, feels a little dated, and the sheer volume of categories can be overwhelming for visitors. It’s clear the company is attempting to serve a broad customer base through its online store, but it’s not obvious if the e-commerce side is a primary focus or an add-on to its manufacturing activities.

Financially, Lunex Limited presents a mixed picture. Accumulated depreciation on plant machinery increased by 20%, while vehicle depreciation soared by a staggering 200%. Bank borrowings decreased by 23%, a positive sign, and cash reserves jumped a substantial 240% to £310,000. However, creditors increased by 26% to £2 million, and net assets remained negative at -£50,000. The company’s turnover has not been reported, but it is likely to be small, meeting two of the three criteria to be classified as a small company. The increase in debtors suggests that the company is struggling to collect payments from customers, which could be a cause for concern. There is no auditor mentioned, which is common for small, exempt companies.

Overall, Lunex Limited seems to be navigating a period of transition. While its cash position has improved, the increase in creditors and negative equity suggest it’s burning through money. The lack of employee growth, combined with the reliance on a small number of directors, could indicate management is stretched thin. Whether the company can sustain its growth and profitability remains to be seen, but its focus on innovation and its strong Google rating offer some cause for optimism.

Registered in England/Wales under the registration number 05837936, with a registered address at M8 0AD, Manchester, Unit 5 Hendham Vale Industrial Park, Vale Park Way.

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