Lennaser Products Limited

Lennaser Products Limited, based in Glasgow, UK, is a small, active company founded just one year ago. It employs three people and holds £3,338 in assets, operating from a real address. With three directors and a single owner (who is also the solo founder), the company is navigating its early stages. It operates in the retail sale via mail order houses or via internet industries.

The company’s website, Lennaser, focuses on property acquisition, repairs, and renovation, particularly the development of investment and rental properties. With over 30 years of experience, Lennaser offers services ranging from property acquisition to full-scale renovations, targeting both sellers looking to offload properties in need of repair and investors seeking to improve and rent out properties. The website emphasizes quick transactions, no upfront fees, and a team of experienced professionals ready to tackle complex projects. They even offer to cover legal fees for sellers, a compelling offer for those looking for a hassle-free sale.

Financially, Lennaser Products Limited presents a mixed picture. Current assets remain steady at £3,300, while net assets sit at a negative £23,000, indicating accumulated losses. Bank borrowings are at £26,000, and cash reserves are at a low £3,200. While creditors are stable at £26,000, the negative equity suggests the company is burning through cash, though it is meeting the criteria for a small company with turnover under £10.2m, assets under £5.1m, and fewer than 100 employees. The lack of an auditor is typical for a small company.

Overall, Lennaser Products Limited is a young company with a clear focus on property services, but it’s facing financial challenges. The company’s reliance on property services and its negative equity suggest it needs to carefully manage its cash flow and potentially seek additional investment to sustain its operations.

Registered in Scotland under the registration number SC774230, with a registered address at G52 4RE, Scotland, Glasgow, 42 Nasmyth Road South, Hillington Park.

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