Luso Spas Limited

Luso Spas Limited, based in Danesmoor, UK, is a small, active company founded seven years ago. With seven employees and £664,302 in assets, it's a solo-founded operation led by a single director and owner. The company boasts a perfect 5.0 Google rating from 179 reviews, indicating high customer satisfaction. It operates as a regular importer, specializing in optical and medical tools and devices, with 14 months of import activity recorded.

The company’s website is currently unavailable, making it difficult to ascertain the precise nature of its operations beyond its import activities. However, it’s classified within the "other service activities n.e.c." industries, suggesting a diverse range of services. It's a small company, meeting two of three conditions: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees.

Financially, Luso Spas Limited presents a mixed picture. Current assets have decreased by 3.9% to £660,000, while net assets have increased by 4.5% to £880,000. Bank borrowings have increased by 39% to £97,000, and cash reserves have fallen by 43% to £59,000. Creditors have also increased by 4.5% to £330,000. The company's finance lease liabilities have decreased by 31%, and its trade debtors have increased by 18%.

The significant increase in amounts owed to directors, from £540 to £59,000, is notable and warrants further investigation. The company’s equity has also increased, suggesting retained earnings are accumulating. The lack of an auditor mentioned likely means the accounts are unaudited, relying on director-reported data.

Overall, Luso Spas Limited appears to be navigating a period of change. While it maintains a strong Google rating and continues to import regularly, the financial data suggests a need for careful management of cash flow and debt. The increase in amounts owed to directors could be a sign of investment or a potential concern, depending on the underlying circumstances.

Registered in England/Wales under the registration number 10939919, with a registered address at S45 9BU, United Kingdom, Danesmoor, Chesterfield, The Cottage, Pilsley Road.

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