Iab - Lab Limited

IAB Lab Ltd, based in Keighley, UK, is a small holding company with an active status, celebrating 34 years in business. Employing eight people and holding £1,280,223 in assets, the company operates from a real address and is overseen by two directors and one owner. It’s an irregular importer, primarily dealing in machinery, boilers, and mechanical appliances, with recent import activity recorded two months ago.

The company’s website reveals a focus on laboratory design and construction. IAB Lab Consult Construct Commission offers a comprehensive suite of services, from initial consultation and design to installation, refurbishment, and regulatory compliance. They cater to a range of industries, including electrical, plumbing, and joinery, and boast a strong network of suppliers and subcontractors. Their website highlights long-standing client relationships and emphasizes a commitment to innovation and quality, with testimonials praising their professionalism and expertise.

Financially, IAB Lab Ltd’s recent report presents a mixed picture. While net assets increased by 10% to £840,000, current assets experienced a significant drop of 39%, falling to £1,300,000. Bank borrowings have decreased by 48%, and cash reserves have also declined by 33%, settling at £980,000. Trade debtors have fallen by 56%, suggesting improved collection of payments, but trade creditors have dropped by a substantial 67%, which could indicate a need to negotiate better terms with suppliers. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it’s exempt from an audit, so the figures are unaudited.

The decrease in cash reserves and current assets, despite increased net assets, could indicate that the company is reinvesting in its business or facing temporary cash flow challenges. The company's reliance on a few key clients, as evidenced by the testimonials, could also make it vulnerable to changes in those relationships.

Registered in England/Wales under the registration number 02513825, with a registered address at BD21 4QR, England, Keighley, West Yorkshire, Unit 5 Parkwood Business Park, 1 Parkwood Street.

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