Lancashire Rotating Electrics Limited

Lancashire Rotating Electrics Ltd, based in Preston, UK, is a small, active company founded 20 years ago. With eight employees and £630,373 in assets, it's a modest operation. The company has a real registered address, although 328 companies share it, suggesting a virtual address. Two directors and two owners (though the list isn’t exhaustive) steer the ship, and it enjoys a stellar 5.0 Google rating from 45 reviews. Regular importer of electrical machinery and equipment, with 20 months of import activity recorded, the latest in June 2024.

The company operates within the manufacture of electronic components industries. Its website is non-existent, so it's unclear if they have an e-commerce presence or primarily operate through other channels.

Financially, Lancashire Rotating Electrics Ltd shows a mixed picture. Current assets have decreased by 18%, dropping to £630,000, while net current assets have fallen by 10%, landing at £440,000. Cash bank on hand has taken a significant hit, decreasing by 57% to £65,000. Creditors have reduced by 32%, which is a positive sign for debt management. However, trade debtors have also decreased by 12%, which could indicate slower customer payments. The company’s small size (meeting two of three conditions for a small company) allows for agility, but the decline in cash reserves warrants attention. Property plant and equipment has seen a massive increase of 1200%, which is unusual and needs further investigation. The company is exempt from an audit, so the figures are unaudited.

Overall, Lancashire Rotating Electrics Ltd appears to be facing some financial headwinds, but its strong Google rating and established import activity suggest a resilient business. The sharp increase in property plant and equipment needs to be looked into, though.

Registered in England/Wales under the registration number 05382901, with a registered address at PR5 6EE, United Kingdom, Preston, Lancashire, Black Bull House 353-355 Station Road, Bamber Bridge.

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