L.e.w. Techniques Limited

Lew Techniques Ltd from Taunton UK: a small, active company founded 59 years ago, employs 98 people, and holds £1,908,783 in assets. With three directors and two owners, it maintains a respectable Google rating of 4.0 based on three reviews. The company is a regular importer and exporter of electrical machinery and equipment, with 213 months of import activity and 322 months of export activity recorded.

The company’s website, Lew Techniques, details a manufacturer of electronic components. While the site doesn’s offer e-commerce, it highlights the company’s expertise in bespoke electronic design, manufacturing, and assembly services. They cater to a range of industries, including aerospace, medical, and industrial automation. The company also offers testing and certification services, ensuring compliance with industry standards.

Financially, Lew Techniques Ltd presents a mixed picture. Current assets have decreased by 25% to £1,900,000, while net assets have fallen by 16% to £3,800,000. Bank borrowings have increased by 2400%, reaching £29,000, and cash reserves have fallen 54% to £410,000. Creditors have decreased by 19%, suggesting improved debt management. 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, but the decline in equity is a concern. No auditor is mentioned, likely due to the company’s exemption as a small entity.

The significant drop in cash reserves, coupled with the increase in bank borrowings, suggests the company may be burning through money. While the decrease in creditors is positive, the overall trend indicates financial pressures. The company’s long history and established reputation in the electronic components industry should provide a solid foundation, but addressing the cash flow situation will be critical for its future success.

Registered in England/Wales under the registration number 00879810, with a registered address at TA2 6BG, Taunton, Somerset., Bindon Business Park, Cook Way.

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