Dack Lincoln Ltd

Dack Lincoln Ltd, based in Lincoln, UK, is a small, active company founded seven years ago. With 52 employees and £1,065,507 in assets, it operates from a real address and is managed by three directors and one owner. A strong Google rating of 5.0 from 730 reviews highlights its customer service. The company regularly imports electrical machinery and equipment, with the last import operation occurring in September 2024.

The company’s website describes Dack Lincoln Ltd as an independent vehicle specialist with branches in Lincoln and Coventry. It offers a full suite of vehicle services, including repairs, servicing, MOT testing, bodywork, van sales, car and van rental, and van conversions. The website emphasizes its ability to provide trusted services at competitive prices, positioning itself as an alternative to main dealerships. It also highlights expertise in BMW, MINI, Land Rover, and other brands, offering services from diagnostics to electric vehicle maintenance. The website also has a section dedicated to van hire, and even offers welfare van sales.

Financially, Dack Lincoln Ltd shows some concerning trends. Cash bank on hand has fallen by a significant 70%, dropping to £200,000. Bank borrowings have also increased substantially, rising 55% to £5,100. Current assets have decreased by a large 68%, falling to £110,000. Although creditors have also decreased by 55%, this may be a result of the company struggling to pay its bills. 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 sharp decline in cash reserves and increase in debt raises questions about its financial health. The company’s average number of employees has also decreased by 19%, dropping to 42. With no auditor mentioned, the financial statements are unaudited.

Despite these financial pressures, Dack Lincoln Ltd appears to be maintaining a strong customer focus and a diverse range of services. The company’s ability to adapt to changing market conditions and its commitment to customer satisfaction will be crucial for its future success.

Registered in England/Wales under the registration number 10818214, with a registered address at LN6 3QW, England, Lincoln, Unit 3 - 6 Lincoln Fields Business Park, Whisby Road.

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