Luxai Ltd

Luxai Ltd is a small, active company based in London, UK, founded two years ago in February 2023. The company has three employees and holds £78,616 in assets, operating from a real address on Northumberland Avenue. With three directors but no reported owners, it’s a compact leadership team. Luxai Ltd regularly imports optical and medical tools and devices, with three months of import activity recorded, the last operation made in January 2024.

The company’s activities span several industries, including wholesale of computers and software, interactive leisure software development, and business software development. Its website is currently unavailable, making it difficult to assess its online presence and direct sales activities.

Financially, Luxai Ltd presents a mixed picture. Current assets have decreased significantly, dropping 53% to £79,000. Cash reserves have also fallen considerably, declining 76% to just £40,000. Debtors have risen sharply, increasing by an unquantifiable amount, while creditors have decreased by nearly 50%, suggesting improved debt management. Equity, however, has taken a significant hit, plummeting 600% to -£6,900. This substantial loss could be due to increased operating expenses or investments in the business. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decline in equity is concerning. The accounts are unaudited, and no auditor is mentioned, which is common for small companies.

The company’s reliance on imports, particularly in the medical and optical sectors, could be affected by global supply chain disruptions. The lack of reported owners, while not unusual, might indicate a complex ownership structure or a desire for privacy. While the company’s activities seem diverse, its financial performance suggests it’s currently burning through money, and a closer look at its cash flow is needed to determine its long-term viability.

Registered in England/Wales under the registration number 14670617, with a registered address at N1 7UX, England, London, Unit 33, Waterside Schooner Court, 44-48 Wharf Road.

WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.