Lapmaster Wolters Limited

Lapmaster Wolters Ltd from Ivybridge, UK, is a small, holding company with an active status, celebrating 70 years since its founding in 1954. Employing 20 people, the company holds £11,225,372 in assets and operates from a real address in Lee Mill Industrial Estate. It's managed by one director and one owner, and regularly imports optical and medical tools and devices (35 months) while exporting machinery, boilers, and mechanical appliances (85 months).

The company's website paints a picture of a solution provider specializing in high-precision flat finishing. It targets the semiconductor industry, offering technologies and services for complex supply chains. Their product portfolio includes machines, consumables, and services, with a focus on customer success. The site also highlights their commitment to innovation and a global network, with locations in the UK, Germany, and the US. They even have a glossary of technical terms—a nice touch.

Financially, Lapmaster Wolters Ltd presents a mixed bag. While turnover isn’t explicitly stated, it’s clear they’re a small company, meeting two of three criteria: turnover less than £10.2 million, balance sheet less than £5.1 million, and fewer than 50 employees. Current assets have decreased by 4.4% to £11 million, and net assets have fallen a significant 21% to £8.5 million. Bank borrowings have increased, and cash reserves have dropped 45% to £180,000. Trade debtors have also decreased, suggesting possible issues with customer payments. The company’s reliance on retained earnings has also decreased.

Despite these challenges, the company’s long history and focus on specialized machinery suggest resilience. The lack of an auditor mentioned (likely exempt as a small company) means the financial data is unaudited. It seems they are doing well, but need to watch their cashflow.

Registered in England/Wales under the registration number 00537328, with a registered address at PL21 9EN, England, Ivybridge, Unit 1 North Road, Lee Mill Industrial Estate.

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