Megabright Ltd

Megabright Ltd is a small, active company registered in London, UK, founded four years ago in April 2020. It operates from a real address and is led by two directors, with one owner—a solo founder, Lyon Donald Charles. The company’s activities centre around retail sales, both through mail order and online platforms, and it’s classified as small, meeting two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

The company’s website, Lion House UK Ltd, presents a more expansive picture. It’s not just a retail outlet; it’s a comprehensive provider of office equipment solutions. Lion House offers everything from copiers and printers to business security products, telephony, broadband, data cabling, relocation services, document management, CCTV, and cloud backup. Testimonials from schools and businesses highlight Lion House’s professional service, quality products, and willingness to go above and beyond—a testament to their commitment to customer satisfaction. The website also hints at a longer history, with Lion House established in 1997, significantly predating Megabright Ltd’s formation.

Financially, Megabright Ltd’s situation is concerning. Despite being a small company, its equity has plummeted to -£120, with cash reserves at a meagre £55. Creditors are stable at £180, but the negative equity suggests the company is burning through cash, and its net current assets are in the negatives. The lack of employees (zero reported) indicates a lean operation, but the reliance on external financing—reflected in the stable creditors—raises questions about its long-term sustainability. With no auditor mentioned, the unaudited figures rely on director-reported data, which is not always a reliable indicator of financial health. It seems like the company is struggling to turn a profit, and its dependence on credit could become a problem if sales don’t improve.

Registered in England/Wales under the registration number 12568221, with a registered address at W6 0BA, England, London, 1 Providence Villas, Brackenbury Road.

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