Lagan Airport Maintenance Limited

Lagan Airport Maintenance Ltd from Belfast UK: small company, holding company, active status, founded 7 years ago, 7 employees, £3,738,804 assets, real address, 6 directors, 1 owner. Regular importer of electrical machinery and equipment (9 months imported). It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The company operates in the construction of other civil engineering projects n.e.c. industries.

Lagan Airport Maintenance Ltd is a UK-based specialist airfield contracting business, providing a full suite of Airfield Ground Lighting (AGL) services. Their website highlights expertise in infrastructure maintenance, asphalt surfacing repairs, concrete repairs, and pavement joint repair. They also offer specialized services like airfield ground lighting installation and maintenance, and even manhole reinstatement using IronGuard, a HAPAS-approved process. The company seems to be a busy place, with a focus on delivering projects and maintenance services to airports and other sectors throughout the UK and Ireland.

Financially, Lagan Airport Maintenance Ltd presents a mixed picture. While cash reserves increased significantly by 320% to £1.8 million, current assets also rose by 90% to £3.7 million. However, net losses deepened to -£11,000, and bank borrowings surged by 2,400% to £29,000. Creditors increased by 130%, suggesting a reliance on external financing. The company’s employee numbers have increased by 57% to 11, which could be a sign of growth, but also potentially increased costs. The lack of an auditor mentioned is not unusual for a small company.

The increase in borrowings and losses, despite the strong asset growth, suggests the company may be investing heavily in its operations or facing increased competition. It’s possible that the recent expansion in employee numbers is contributing to higher operating expenses. The company's growth seems to be driven by its specialized AGL services and its focus on delivering projects, but it will need to carefully manage its finances to ensure long-term sustainability.

Registered in Northern Ireland under the registration number NI646853, with a registered address at BT3 9HA, United Kingdom, Belfast, 21 - 23 Sydenham Road.

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