Latimer Ales Ltd

Latimer Ales Ltd, based in Corby, UK, is a small, family-run business with an active status. Founded twelve years ago in 2012, it employs just two people and holds £31,372 in assets. The company operates from a real address and is overseen by two directors and owners. It’s a regular importer of iron or steel products, with nine months of import activity recorded, the last in October 2024.

The company's website, Latimer Stainless, focuses on the manufacture of stainless steel tanks, vessels, and containers. It caters to the craft and artisan producer, offering everything from plain stainless steel tanks to full brewery systems and kombucha fermenter vessels. The website highlights a growing client base across various industries, including breweries, distilleries, and cider producers. It even boasts a ten-year milestone in the brewing industry, emphasizing its expertise in stainless steel fabrication.

Financially, Latimer Ales Ltd’s report reveals some concerning trends. Accumulated depreciation has increased significantly, with computer equipment showing a 96% growth, while motor vehicles have experienced a dramatic 90% decrease. Cash bank holdings have fallen by 78%, and creditors have decreased by 36%. Net assets have also plummeted by 47%, and current assets have dropped by 41%. While the company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, the sharp decline in equity and cash reserves suggests potential financial strain. The company’s report was prepared without an auditor, likely due to its small size. It’s a bit of a surprise that the company has so little cash on hand, but perhaps it’s reinvesting in equipment.

Registered in England/Wales under the registration number 08123723, with a registered address at NN18 9EU, Corby, Northamptonshire, 13 South Folds Road, Oakley Hay.

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