Lydiasoft Ltd

Lydiasoft Ltd from Barnet UK: a small, active company founded eight years ago, employs just two people, and holds £61,833 in assets. It's a family business with two directors and two owners, operating from a real address. The company’s status is active, and it’s registered as a private limited company.

The business operates in both retail sale via mail order and internet, and information technology consultancy activities. Its website is currently unavailable, so it’s difficult to determine the specifics of its online presence or whether it’s primarily an e-commerce operation. Without a live website to analyze, it's impossible to gauge the scale of its online sales or the sophistication of its digital marketing efforts.

Financially, Lydiasoft Ltd presents a mixed picture. While net assets increased significantly by 1,300% to £14,000, cash reserves also rose by 50% to £49,000. Bank borrowings decreased by 34% to £10,000, which is a positive sign. However, creditors increased by 30% to £38,000, and trade debtors remained constant at £12,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to remain flexible, but the increase in creditors suggests it might be relying on short-term financing. The company’s accounts are unaudited, and no auditor is mentioned, which is common for small companies.

The company’s significant increase in retained earnings, from just £920 to £14,000, is a notable trend. It suggests that the company has been profitable over the past year, even if it hasn't been reinvesting heavily in growth. The decrease in depreciation charges for property, plant, and equipment is also worth noting, although its impact on overall profitability is likely to be small. The company's description of principal activities is "No description of principal activity", which is a bit strange.

Registered in England/Wales under the registration number 10129615, with a registered address at EN5 1NE, England, Barnet, 25 Eversleigh Road.

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