Liberty Industrial Ltd

Liberty Industrial Ltd, based in London, UK, is a small, active company founded five years ago in 2020. With six employees and £3,489,227 in assets, it operates from a virtual address—a fact highlighted by the presence of 121 other companies registered at the same location. The company is led by two directors, though no owners are officially listed. Liberty Industrial is an irregular importer, primarily dealing in machinery, boilers, and mechanical appliances, with a recent import activity recorded just one month ago.

The company’s website paints a picture of an award-winning international demolition and remediation contracting business. Liberty Industrial specializes in closure projects for industries like mining, oil and gas, energy, and defence, offering a comprehensive range of services including demolition, decommissioning, water treatment, asbestos removal, and remediation. They’re particularly proud of recent wins at the 2024 World Demolition Awards, recognized for their work on the Argyle Diamond Mine Closure and the Northern Producer Decommissioning Project. The website emphasizes expertise, consulting, and a commitment to responsible decommissioning.

Financially, Liberty Industrial Ltd’s recent performance reveals some concerning trends. Accumulated depreciation impairment for property, plant, and equipment increased significantly by 3800%, reaching £88,000. Amounts owed to group undertakings jumped 43% to £3.1 million, while the average number of employees tripled to 25. Cash bank on hand plummeted 97% to just £27,000. Creditors also rose considerably, increasing 65% to £6.3 million. Despite these challenges, trade debtors increased by a substantial 490%, reaching £3.3 million. Equity, however, decreased 24% to -£2.4 million, and net assets liabilities are -£2.4 million.

While the company’s small size (meeting two of three criteria for a small company) allows for agility, the significant decline in cash reserves and equity raises questions about its financial health. The lack of an auditor mentioned suggests the company is exempt from a full audit, and the figures rely on unaudited statements. It’s possible the company is investing heavily in growth, but the trends suggest a need for careful financial management to ensure long-term sustainability.

Registered in England/Wales under the registration number 12550424, with a registered address at WC1H 9LG, United Kingdom, London, C/O Rayner Essex Llp Tavistock House South, Tavistock Square.

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