Lm Luxury Limited

Lm Luxury Limited is a small, active company registered in London, UK. Founded four years ago in December 2020, it’s a solo operation with one director and owner, Mecaj Rajmonda. The company holds £85,180 in assets and operates from a virtual address, registered at 662 High Road, London – an address shared by 229 other companies. It’s a small business, meeting two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

The company specializes in the retail sale of clothing, both in specialized stores and via mail order and internet sales. Its website, though not provided, likely reflects this focus on online fashion retail.

Financially, Lm Luxury Limited presents a mixed picture. Current assets have fallen by 24% to £85,000, and net assets have also declined by 29%, settling at £23,000. Bank borrowings have decreased by 34%, dropping to £30,000, while cash reserves have increased by 11%, reaching £43,000. Creditors have also decreased by 9.2%, and trade debtors have seen a massive increase of 6500%, jumping to £3,400. The company’s equity has fallen by 29%, settling at £23,000.

These figures suggest the company is facing some financial pressures, with a decline in assets and equity. The sharp increase in trade debtors could indicate difficulties in collecting payments from customers, or perhaps an expansion of credit terms. However, the increase in cash reserves and decrease in creditors offer a glimmer of hope. As a small company, it's likely exempt from an audit, and the financial statements are unaudited. It’s hard to say if this is a temporary setback or a more long-term trend, but Lm Luxury Limited will need to carefully manage its finances to ensure its survival.

Registered in England/Wales under the registration number 13067136, with a registered address at N12 0NL, England, London, 662 High 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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