Lab & Process Instrumentation Ltd

Lab & Process Instrumentation Ltd, based in Belfast, UK, is a small, holding company with an active status. Founded 22 years ago in 2002, it employs just three people and holds £568,593 in assets. The company has a real address and is overseen by one director and two owners. It’s a regular importer, specializing in optical and medical tools and devices, with 29 months of import activity recorded, the last in June 2023.

The company’s website reveals it’s a water quality specialist, acting as a distributor for Hach Lange and Teledyne Isco. LPI primarily acts as distributor for Hach Lange GmbH and TeledyneIsco USA. They also source a wide range of laboratory and process instruments and consumables to meet customer needs. The business prides itself on providing expert solutions and reacting quickly to customer enquiries. They operate a quality management system certified to ISO90012015. Clients include AFBI and Belfast City Council.

Financially, Lab & Process Instrumentation Ltd presents a mixed picture. Current assets increased by 87% to £570,000, while net assets increased by 1300% to £23,000. Bank borrowings decreased by 36% to £15,000, and cash reserves fell 48% to £95,000. Creditors increased significantly by 180% to £470,000, and trade debtors rose dramatically by 430% to £450,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the large increase in creditors suggests potential cash flow pressures. No auditor is mentioned, likely due to its status as a small company.

The company is holding steady, but facing pressures. The large increase in trade debtors suggests potential issues with customer payments.

Registered in Northern Ireland under the registration number NI043472, with a registered address at BT6 8DD, Northern Ireland, Belfast, The Mount, 2, Woodstock Link.

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