Lyte Limited

Lyte Ltd, based in Worcester, UK, is a small, active holding company founded eleven years ago in 2014. The company holds £420,486 in assets and operates from a real address with two directors and one owner. It’s a regular importer of electrical machinery and equipment, with five months of import activity recorded, and an irregular exporter of plastics and plastic products, with one month of export activity. The company operates in the manufacture of other paper and paperboard containers, the manufacture of plastic packing goods, the packaging activities, and the manufacture of consumer electronics industries.

The company’s website, though not actively used for e-commerce, provides a glimpse into its operations. It’s clear that Lyte Ltd acts as a holding company for a variety of businesses, including a focus on packaging solutions and consumer electronics. While no direct sales are conducted online, the site showcases a range of services and products, suggesting a business-to-business model.

Financially, Lyte Ltd presents a mixed picture. Current assets have decreased by 20% to £420,000, while net assets have also fallen by 2.2% to -£280,000. Cash reserves have suffered a significant drop of 68%, settling at £64,000. Trade debtors have increased by 10%, reaching £180,000, while other debtors have decreased by 53%, dropping to £10,000. Creditors have increased by 9.6%, reaching £250,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s likely exempt from an audit, relying on unaudited statements.

The decline in cash reserves and negative equity are concerning, suggesting the company may be burning through money. However, the increase in trade debtors could indicate expanding sales, although it also poses a risk of bad debts. With no auditor mentioned, the financial picture is somewhat opaque, but the trends suggest Lyte Ltd is facing financial pressures despite its established presence in the packaging and electronics sectors.

Registered in England/Wales under the registration number 08989278, with a registered address at WR5 2QR, England, Worcester, Unit 3 Norton Road, Broomhall.

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