Lambson Innovate Limited

Lambson Innovate Ltd, based in Castleford, UK, is a substantial player in the wood and wood products sector, having operated for 58 years. The company, currently active, employs 65 people and boasts assets of £16,679,404, generating an annual revenue of £37,334,122. With six directors and two owners, and a real address, Lambson Innovate has a Google rating of 3.0 based on eight reviews. They regularly import and export wood and wood products, with a history of 97 months of importing and 49 months of exporting.

The company’s website showcases a wide range of products, including decorative panels, wrapped profiles, furniture board, worktops, and more, catering to diverse markets like offsite modular construction, park homes, marine leisure craft, and touring caravans. They appear to be primarily a manufacturer and supplier, rather than a direct e-commerce retailer, focusing on custom laminated boards and offering bespoke solutions.

Financially, Lambson Innovate’s recent report reveals a mixed picture. While turnover remains strong, net assets have fallen by a significant 47% to £9.5 million. Bank borrowings have increased substantially, rising 65% to £2.9 million, and cash reserves have dwindled, dropping 94% to just £28,000. Creditors have also decreased, suggesting improvements in debt management, but the substantial drop in equity could be a cause for concern. Administrative expenses have increased by 17%, and the company has seen a decline in average employees by 3.1%. The company's auditor, Allens Accountants Limited, has noted a true and fair view of the company's affairs.

The increase in bank borrowings and decrease in cash reserves, combined with the drop in net assets, suggests that Lambson Innovate may be facing some financial pressures. It’s possible that the company is investing in new equipment or expanding its operations, which would explain the increased borrowing. However, the decrease in cash reserves warrants further scrutiny. The company’s long history and established reputation in the industry, however, provide a degree of resilience, and its diverse product range and wide range of markets should help it weather any short-term challenges.

Registered in England/Wales under the registration number 00878297, with a registered address at WF10 1NS, Castleford, West Yorkshire, Hunt Street, Whitwood Mere.

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