Lapping Services Ltd

Lapping Services Ltd, based in Hinckley, UK, is a small, active family business established thirteen years ago. With eleven employees and £772,647 in assets, it operates from a real address and is led by one director and two owners. The company is a regular importer of machinery, boilers, and mechanical appliances, with its last import activity recorded six months ago. It's a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50.

The company specializes in sub-contract lapping and polishing services, serving industries like aerospace, motorsport, and automotive. Its website highlights a commitment to precision engineering, quality assurance, and customer satisfaction, boasting AS9100 accreditation. The business offers a range of services, including flat lapping, double-side lapping, and polishing, catering to clients seeking high-quality surface finishing. It even has a showroom in Harrods, London.

Financially, Lapping Services Ltd shows a mixed picture. Current assets have increased by 35%, reaching £770,000, while net assets have jumped 21%, now at £1,000,000. Cash reserves have seen a significant boost, rising 71% to £440,000. However, bank borrowings have also increased by 2.5%, reaching £9,800. Creditors have also risen by 15%, reaching £270,000. The company’s small size and family ownership contribute to its agility, but the increase in borrowings suggests a need for careful financial management. There is no auditor mentioned, likely due to its status as a small company. Overall, Lapping Services Ltd appears to be a stable business, but it’s important to monitor its financial performance closely.

Registered in England/Wales under the registration number 07715390, with a registered address at LE10 2AT, England, Hinckley, Leicestershire, 149 Sapcote Road Burbage.

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