Luxsol Ltd

Luxsol Ltd, based in Newcastle Under Lyme, UK, is a small holding company with an active status. Founded just two years ago in April 2023, the company employs two people and holds £169,987 in assets. It operates from a virtual address, registered with 131 other companies, and is managed by two directors and a single owner. A thriving e-commerce site showcases its offerings, garnering a perfect 5.0 Google rating from nine reviews. Luxsol is an irregular importer, specializing in electrical machinery and equipment, with recent import activity recorded just one month ago in December 2024.

The company’s website, LuxSol Living, focuses on selling aluminium pergolas designed to elevate garden spaces. It offers various options, including manual and electric control, accessories, and installation services. The site emphasizes quality, design, and nationwide delivery, with testimonials highlighting customer satisfaction and the company's expertise. It’s clear that Luxsol is positioning itself as a premium provider in the outdoor living market, offering a range of products and services to create stylish and functional outdoor spaces.

Financially, Luxsol Ltd presents a mixed picture. While current assets remain steady at £170,000, equity has declined to a negative £12,000. Bank borrowings are stable at £180,000, and creditors also remain consistent at £190,000. Cash reserves are at £10,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain nimble, but the negative equity raises questions about its long-term financial health. There’s no auditor mentioned, likely due to its status as a small company, meaning the figures are unaudited.

The company's reliance on a virtual address and the negative equity suggest potential challenges, but the strong Google rating and focus on a niche market—premium pergolas—indicate a business with potential. It will be interesting to see if Luxsol can continue to grow its e-commerce presence and improve its financial performance in the coming years.

Registered in England/Wales under the registration number 14775597, with a registered address at ST5 2BE, United Kingdom, Newcastle Under Lyme, Staffordshire, Ebenezer House, Ryecroft.

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