Internal Linings Limited

Internal Linings Limited, based in Ilford, UK, is a small, active company founded 30 years ago in 1994. With seven employees and £1,602,010 in assets, it operates from a real address and is managed by six directors, though no owners are officially listed. The company boasts a perfect 5.0 Google rating based on a single review. It’s an irregular importer, primarily dealing in aluminum and aluminum products, with recent import activity recorded just two months ago.

The company specializes in other specialised construction activities n.e.c., and 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. It’s interesting to note that the company’s website doesn’t appear to be active, suggesting a primarily business-to-business operation rather than direct-to-consumer sales.

Looking at the financials, things are a little mixed. Accumulated depreciation on property, plant, and equipment increased by 7.8%, while cash bank on hand fell by a significant 44% to £160,000. Creditors rose by 13%, but trade debtors increased by 18% to £1.2 million, which could be a sign of delayed payments. On the positive side, retained earnings accumulated losses grew by 8.9% to £1.2 million. The company’s net assets liabilities also increased by 8.9% to £1.2 million.

Despite the growth in assets, the decrease in cash reserves and the increase in creditors suggest the company might be burning through money, which is not uncommon for growing businesses. The increase in trade debtors could also indicate challenges in collecting payments. With no auditor mentioned, the figures rely on unaudited statements. Overall, Internal Linings Limited seems to be holding its own, but keeping a close eye on cash flow will be important for its continued success.

Registered in England/Wales under the registration number 02959714, with a registered address at IG2 6UF, Ilford, Essex, 1-3 Woodford Avenue, Gants Hill.

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