Lux Merchants Ltd

Lux Merchants Ltd, based in West Drayton, UK, is a small, active company founded four years ago. Despite confirmation being overdue for three months, the company holds £2,780 in assets and operates from a real address. With a single director and owner – a solo founder – it’s a lean operation. The company’s core business revolves around retail sales via mail order and internet, alongside other retail not in stores, stalls, or markets.

The company’s website, Lux Merchant, focuses on buying luxury items like diamonds, jewellery, and handbags. It offers a “free valuation” and “same day payment” service, targeting individuals looking to sell their high-end goods. The site emphasizes a "trusted, experienced luxury buying service" with a physical boutique in Central London, and a streamlined process: get a quote, receive a valuation, and get same-day payment. They even offer free DHL collections and pop-in valuations. The website details a team with over 50 years of experience, highlighting expertise, fairness, and a tailored approach. They buy jewellery, watches, handbags, gold, diamonds, and branded jewellery.

Financially, Lux Merchants Ltd is showing some concerning trends. Current assets have decreased by 11% to £2,800, while net assets have fallen 20% to £2,000. Cash bank on hand has plummeted 89% to just £11, a significant drop. Creditors have increased by 30% to £760, and other creditors have risen to £750. Bank borrowings are also up. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it can adapt quickly, but the decrease in equity is a point of concern. There’s no auditor mentioned, which is typical for small companies.

The business appears to be burning through cash, and the decrease in assets suggests a need for careful financial management. However, the website’s focus on luxury goods and the presence of a physical boutique could indicate a potential for growth, although it's hard to tell.

Registered in England/Wales under the registration number 13110396, with a registered address at UB7 7ND, England, West Drayton, Flat 1 147 Station Road.

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