Lincoln Welding Supplies Ltd

Lincoln Welding Supplies Ltd, based in Manchester, UK, is a small holding company with an active status, celebrating 30 years since its founding in 1994. Employing 12 people, the company holds £1,148,681 in assets, but operates from a virtual address shared by 210 other companies. It’s managed by two directors and one owner, and currently has a respectable Google rating of 4.0 based on three reviews. The company irregularly imports optical and medical tools and devices, with the last import recorded over two years ago in January 2022.

The company’s website, while technically present, currently displays an error message indicating it requires JavaScript to function properly. This suggests a limited online presence and potentially restricts customer engagement. It’s not clear if the website is actively maintained or if the business primarily relies on other channels. The company operates in the non-specialised wholesale trade industries.

Financially, Lincoln Welding Supplies Ltd presents a mixed picture. While cash reserves remained stable at £40,000, current assets declined by 12% to £1,100,000. Bank borrowings were dramatically reduced by 70%, falling to £45,000—a positive sign of improved debt management. However, trade debtors also decreased by 11%, which could indicate slower payments from customers. Depreciation on motor vehicles increased by 22%, reflecting investment in equipment. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decline in assets warrants closer monitoring. As a small company, it’s exempt from an audit, so the financial statements are unaudited. Overall, Lincoln Welding Supplies Ltd appears to be navigating a period of change, with both opportunities and challenges ahead.

Registered in England/Wales under the registration number 02964978, with a registered address at M2 3BD, United Kingdom, Manchester, Xeinadin Manchester, 100 Barbirolli Square.

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