Leaneys Of Lancing Limited

Leaneys Of Lancing Ltd, based in Lancing, UK, is a small, active company established 61 years ago, in 1964. With nine employees and £662,113 in assets, it’s a well-established family business. The company has five directors and two owners, and maintains a real address, earning a respectable 4.0-star Google rating from 53 reviews. It’s an irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings, with its last import operation occurring two months ago in November 2022.

The company’s website showcases Leaneys as a family-run supplier of bespoke bathrooms, renowned for sourcing unique products from across Europe. It's currently clearing inventory to make room for new products, offering deals on warehouse stock and ex-display items. The business operates a showroom and offers design services, catering to both residential and commercial clients. The website also mentions a separate venture, “Bathrooms Beyond,” which operates from Cambridge and even has a presence in Harrods.

Financially, Leaneys Of Lancing Ltd presents a mixed picture. Current assets increased by 16% to £660,000, while net assets also rose by 7.3% to £660,000. Bank borrowings increased by 20% to £31,096, and cash reserves grew by 16% to £590,000. Creditors increased by 19% to £210,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain agile. With no auditor mentioned, the figures rely on unaudited statements.

The increase in bank borrowings and creditors suggests the company is investing in its business, but the need to clear inventory indicates potential challenges in sales. While the company has a solid reputation and a long history, careful management will be crucial to maintain its financial health.

Registered in England/Wales under the registration number 00799537, with a registered address at BN15 8JT, Lancing, West Sussex, 339 Brighton Road.

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