Lanarkshire Welding Company Limited

Lanarkshire Welding Company Limited is a small, active business founded 80 years ago, in 1945, and based in Wishaw, Scotland. With 66 employees and £2,451,912 in assets, it’s a well-established operation with a strong Google rating of 5.0 based on two reviews. The company, which has five directors and a single owner, regularly imports iron and steel – four months of imports were recorded, with the latest activity in May 2024.

The company specializes in the manufacture of metal structures and parts, providing a full range of services from onsite strengthening works to heavy fabrication of bridges. It operates from a 5,000-square-metre workshop and boasts the ability to lift structures over 40 metres in length. The website highlights its expertise in bridge fabrication and installation, serving industries like rail, road, and construction.

Financially, Lanarkshire Welding Company Limited shows some concerning trends. Cash bank holdings have fallen significantly by 52%, dropping to £860,000. Current assets also decreased by 22%, reaching £2,500,000. Trade debtors increased by 7.8%, suggesting potential issues with customer payments. However, creditors have decreased by 28%, indicating improved debt management. The company’s employee numbers have also fallen by 15%, from 66 to 56. The unaudited financial statements, reviewed by Thomas Barrie & Co LLP, reveal a significant drop in retained earnings, increasing by 4.2% to £1,200,000. While the business remains small, meeting two of three criteria for a small company, the declining cash reserves and employee count warrant attention.

Registered in Scotland under the registration number SC023232, with a registered address at ML2 7TQ, John Street, Wishaw.

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