Laird Brothers (forfar) Limited

Laird Brothers Forfar Ltd, based in Forfar, UK, is a well-established company with a 64-year history, currently employing 34 people. The company holds assets worth £4,487,889 and generates an annual revenue of £11,339,550. It's a large company, meeting two of three criteria for size: turnover exceeding £36 million and a balance sheet total surpassing £18 million. The business has five directors, two owners (though this list may not be exhaustive), and maintains a perfect 5.0 Google rating based on a single review. Laird Brothers regularly imports machinery, boilers, and mechanical appliances parts, with the most recent import activity recorded 19 months ago.

The company operates in the manufacture of concrete products for construction purposes. While a website isn’t readily available, the business’s core focus is clearly on supplying the construction industry with essential materials. It’s a traditional, B2B operation, likely with limited direct consumer interaction.

Financially, Laird Brothers Forfar Ltd presents a mixed picture. Current assets have decreased by 25%, falling to £4,500,000. Bank borrowings have increased significantly by 230%, reaching £270,000, while cash reserves have also decreased by 72%, sitting at £280,000. On a positive note, trade debtors have decreased by 12%, suggesting improved collection practices. Net losses deepened from £1.2 million to £340,000, a significant drop. The company's small size helps it stay agile, but the sharp equity drop raises questions. The business is audited by Sumer Auditco Limited.

Overall, Laird Brothers Forfar Ltd seems to be navigating a challenging economic climate. While it maintains a strong position in its niche market, the decline in cash reserves and increase in borrowings suggests it’s burning through money. The company’s long history and established reputation provide a solid foundation, but continued monitoring of its financial performance will be crucial.

Registered in Scotland under the registration number SC036052, with a registered address at DD8 3NQ, Forfar, Angus, Laird Brothers, Old Brechin Road, Lunanhead.

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