Lij Sales Limited

Lij Sales Limited, based in Spennymoor, UK, is a small, active company founded four years ago. With just £664 in assets and a virtual address shared by numerous other businesses, it’s a solo-founded operation led by a single director and owner. The company operates in the retail sale via mail order houses or via internet industries.

The company’s website, lijhydraulics.co.uk, reveals a more expansive operation than its financial figures might suggest. Lij Fluid Power positions itself as a specialist hydraulic engineering contractor, offering design, manufacturing, installation, and repair services. It caters to a wide range of sectors, from automotive and commercial organizations to emergency services, and even offers LOLER testing and industrial door maintenance. The site showcases a comprehensive product range, including hydraulic cylinders, power packs, and pumps, alongside a list of reputable brands like Eaton, Vickers, and Parker. The company even has a testimonial section, with customers praising their professionalism and technical knowledge.

Financially, Lij Sales Limited’s recent report paints a mixed picture. While cash bank on hand increased by a hefty 150%, net assets actually decreased significantly, dropping 57% to -£1200. Creditors also increased, rising 10%, and net current assets went into negative territory, plummeting 790%. The company’s small size—meeting two of three criteria for a small company—helps it remain flexible, but the decline in equity is concerning. There’s no auditor mentioned, which is common for small companies exempt from an audit.

The company seems to be burning through cash, with liabilities outpacing assets. It’s possible that increased investment in equipment or marketing contributed to the downturn, or perhaps delayed payments from customers are a factor. The company’s reliance on a virtual address, shared with many other businesses, could also be a sign of cost-cutting measures. It’s a small business, and these things happen, but the financial report suggests a period of challenge ahead.

Registered in England/Wales under the registration number 12748509, with a registered address at DL16 6QF, England, Spennymoor, 45-47 Cheapside.

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