Luxx London Ltd

Luxx London Ltd from New Malden UK: small company, active status, founded 7 years ago, 1 employee, £44,076 assets, real address, 1 director, 1 owner, solo founder, google rating 3.0 based on 398 reviews. Regular exporter of vehicles, parts, and accessories (not for trains or trams) (10 months exported). It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The company operates in the retail sale via mail order houses or via internet industries. Officially, it has one owner or PSCs, one director, and one employee.

While the company’s website is currently unavailable, it’s likely Luxx London Ltd operates primarily through online channels, given its industry and the description of its activities. It’s probable they are an ecommerce business, selling vehicles, parts, and accessories directly to consumers or businesses, and exporting these items internationally. The lack of a functional website could be a temporary issue or a strategic decision to focus on other sales channels.

Financially, Luxx London Ltd shows a mixed picture. Current assets have dropped significantly, declining by 52% to just £44,000. Bank borrowings have also decreased, falling 32% to £9,200, and cash reserves are down 8.4% to £28,000. However, creditors have also fallen, decreasing by 32% to £9,200, which could indicate improved debt management. The company’s equity has also seen a decline, falling 54% to £1,200. The lack of employees (just one reported) suggests a lean operation, and the company’s small size helps it stay agile. With no auditor mentioned, the figures rely on unaudited statements.

The significant drop in assets and equity could be a cause for concern, but it’s important to remember that this is a small, solo-founded business. The decrease in creditors and bank borrowings, however, suggests that the company is managing its debts effectively. It's possible that the company is reinvesting profits back into the business, or facing temporary cash flow challenges. The company’s export activity, though limited to 10 months, indicates a potential avenue for growth, but it's important to monitor its financial performance closely.

Registered in England/Wales under the registration number 11302238, with a registered address at KT3 6NY, New Malden, Surrey, 4 The Grange, Blakes Lane.

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