Linn Machinery Limited

Linn Machinery Ltd from Folkestone UK: small company, active status, founded 13 years ago, 2 employees, £75,344 assets, virtual address, 2 directors, 2 owners, family business. Irregular importer of wood and wood products (2 months imported). It’s a small, family-run business with an active trading status, operating from a virtual address shared by ninety-five other companies. Founded thirteen years ago, the company employs just two people and holds £75,344 in assets. With two directors and two owners reported, it’s a tight-knit operation, though the owner list was changed three months ago, which is a good sign.

The company operates as an agent, facilitating the sale of equipment for clients within the wood panel and paper manufacturing industries. It helps companies sell equipment they no longer need and assists customers in finding the exact equipment they’re looking for. The website highlights expertise in selling machinery, including wood panel and paper machinery, and even offers project management services for dismantling and relocation through its associated company, JM Associates Ltd. The business seems to be a niche player, focusing on connecting buyers and sellers in specialized sectors.

Financially, Linn Machinery Ltd presents a mixed picture. Current assets dropped by 26% to £75,000, while net assets increased by 800% to £40,000. Bank borrowings remained steady, and cash reserves fell by 37% to £63,000. Creditors decreased by 78%, which is a positive sign, but the rise in trade debtors by 500% suggests a possible issue with customer payments. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the fluctuating debtor levels warrant closer attention. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Linn Machinery Ltd appears to be a small, family-run business navigating the challenges of irregular import activity and a changing financial landscape. It's a niche player with a clear focus, but its financial health will depend on managing debtor levels and sustaining its connections within the machinery sales sector.

Registered in England/Wales under the registration number 07949443, with a registered address at CT18 7TQ, United Kingdom, Folkestone, Kent, 1-2 Rhodium Point Spindle Close, Hawkinge.

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