Luxsea Swimwear Limited

Luxsea Swimwear Limited, based in Taunton, UK, is a small, active company founded seven years ago in 2017. Employing just two people, it holds £342,582 in assets and operates as a family business with a solo founder at the helm. The company runs an e-commerce site selling women’s swimwear, including bikinis, one-pieces, and activewear, with a focus on crochet and reversible designs. It has a real registered address and is overseen by one director and two owners, though the list of owners changed a year ago.

The website showcases a wide range of swimwear styles, from classic triangle bikinis to more contemporary designs, and emphasizes quick delivery and customer service. It’s clear they’re targeting a fashion-conscious audience with a focus on trending styles and a user-friendly online shopping experience. They also offer a variety of activewear, suggesting a desire to cater to a broader range of customer needs.

Financially, Luxsea Swimwear Limited appears to be experiencing a period of growth, but also facing some challenges. Current assets have increased by 50% to £340,000, and equity has also risen by 34% to £270,000. However, creditors have also increased significantly, rising by 150% to £75,000. Cash bank on hand has seen a healthy increase of 73% to £250,000, which is a positive sign. The company’s small size (meeting two of three conditions for a small company) allows for flexibility, but the increase in creditors warrants attention. As a small company, it’s exempt from an audit, so the figures are unaudited.

Overall, Luxsea Swimwear Limited seems to be a growing e-commerce business, but needs to keep a close eye on its debt management to ensure sustainable growth. It's a family affair, and they are doing well, but need to watch the creditors.

Registered in England/Wales under the registration number 10800705, with a registered address at TA1 3NN, United Kingdom, Taunton, Somerset, 14 Billetfield.

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