Mike Stoane Lighting Ltd.

Mike Stoane Lighting Ltd, based in Loanhead, UK, is a small, holding company with an active status. Established 26 years ago in 1998, the company employs 45 people and holds £2,068,496 in assets. It has a real address, is managed by seven directors, and is owned by Mike Stoane Lighting Employee Ownership Trust. The company regularly imports electrical machinery and equipment (132 months) and exports furniture, lighting, and prefabricated buildings (146 months).

The company's website highlights its focus on innovative, sustainable lighting equipment made in Scotland. It emphasizes local manufacture, award-winning sustainability leadership, and a circular economy approach. Products include standard and custom designs, with a particular focus on the ZTA product family designed for low environmental impact. The site also features a remanufacture service, a 25-year duty of care pledge, and showcases projects in various sectors like museums, galleries, and workplaces. The website has a nice, modern feel, and it’s clear they’re aiming for a premium market.

Financially, Mike Stoane Lighting Ltd presents a mixed picture. While net assets increased by 41% to £1,300,000, bank borrowings surged by 2,400% to £29,000. Cash reserves fell 30% to £790,000. Trade debtors increased by 11% to £400,000, which could be a sign of growth but also a potential risk if payments are delayed. The number of employees increased by 31% to 59, which is a positive indicator of expansion. 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 for flexibility, but the increase in borrowings warrants attention. With no auditor mentioned, the figures rely on unaudited statements.

Overall, Mike Stoane Lighting Ltd appears to be a growing business with a strong commitment to sustainability, but it's important to monitor its debt levels and ensure it can maintain its financial health as it expands.

Registered in Scotland under the registration number SC188910, with a registered address at EH20 9LZ, Loanhead, Midlothian, 20 Dryden Road, Bilston Glen Industrial Estate.

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