Lydia Digital Ltd

Lydia Digital Ltd, based in London, UK, is a small, active company founded just three years ago. With three employees and £103,967 in assets, it operates from a virtual address – a common characteristic for many small businesses – and is led by two directors and owners, with a solo founder at the helm. The company holds a stellar 5.0 Google rating based on three reviews, reflecting positive customer experiences. It’s a regular importer, primarily dealing with paper and paperboard products, with the most recent import occurring in May 2024.

The company's website is not available, making it difficult to determine its exact operations. However, the report indicates it operates in the “other information technology service activities” industries. This suggests a focus on IT services, potentially including digital printing, web development, or software support.

Financially, Lydia Digital Ltd presents a mixed picture. While current assets increased by a substantial 110% to £100,000, net assets took a significant hit, decreasing 160% to -£550,000. This suggests a large increase in liabilities. Bank borrowings have also increased significantly, and cash reserves have fallen by 70% to just £3,500. Creditors have increased dramatically, and trade debtors have also risen. The company meets two of the three conditions to be considered small, with a turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The lack of an auditor mentioned is consistent with its status as a small, exempt company.

The sharp decline in equity is a cause for concern, potentially indicating increased borrowing or significant operating losses. While the company’s Google rating suggests strong customer satisfaction, the financial data suggests it’s burning through cash. It's possible that the company is reinvesting heavily in its business, but the lack of detail makes it difficult to assess.

Registered in England/Wales under the registration number 13836730, with a registered address at N8 0JG, England, London, 32 Willoughby Road.

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