Lawmax Mechanical And Electrical Contractors Limited

Lawmax Mechanical And Electrical Contractors Ltd from Stapleford UK: a small, active company founded 46 years ago, employs 31 people, and holds £6,348,765 in assets. With a real address, three directors, and two owners, it maintains a respectable Google rating of 4.0 based on five reviews. The company irregularly imports optical and medical tools and devices, with just one month of import activity recorded.

The business operates within the electrical installation industries, offering a range of services. While no website is available for review, it’s likely they provide services to commercial and industrial clients. The company’s longevity—established in 1978—suggests a history of successful projects and a loyal customer base.

Financially, Lawmax shows a mixed picture. Current assets increased by 39%, reaching £6,300,000, while bank borrowings jumped 29%, hitting £240,000. Creditors increased significantly by 130%, reaching £3,100,000, and cash reserves fell 51%, leaving £800,000. Prepayments and accrued income, however, soared by 170%, reaching £1,700,000, which could indicate substantial work in progress or deposits received. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it’s exempt from a full audit, relying on unaudited financial statements.

The rise in creditors and bank borrowings, alongside the decrease in cash reserves, suggests the company is investing heavily in its operations or potentially facing some cash flow challenges. The substantial increase in prepayments and accrued income could be a temporary boost, but it’s important to monitor whether it sustains. The company’s directors, C S Lawson and J R Maxwell, are likely focused on managing these pressures and maintaining the business's reputation for quality electrical work.

Registered in England/Wales under the registration number 01385739, with a registered address at NG9 8AA, Stapleford, Nottingham, Lawmax House, 30-32 Nottingham Road.

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