Linnex (uk) Ltd

Linnex (uk) Ltd, based in Leicester, UK, is a small, active company founded seven years ago. Employing five people, it holds £230,104 in assets and operates from a virtual address shared by 192 other companies – a potential red flag. With two directors and two owners, the company boasts a stellar 5.0 Google rating based on 14 reviews. It’s an irregular importer, primarily dealing in optical and medical tools and devices, with the last import recorded one month ago in September 2023.

The company's website reveals a specialized business: vertical storage solutions. Linnex isn't just a retailer; it's a supplier and service provider for storage carousels and shuttles. They offer new and used equipment, maintenance, relocations, and even finance options. Their website details a wide range of services, from assessing storage needs to installing and repairing complex systems, catering to various industries. They even offer software solutions for managing inventory within these systems. The site emphasizes experience – over 40 years working with various brands – and offers expertise in Bertello machines.

Financially, Linnex (uk) Ltd shows a mixed picture. Cash bank on hand increased significantly by 130% to £170,000, a positive sign, while current assets grew by 39% to £230,000. However, trade debtors decreased by 25% to £57,000, which could indicate slower customer payments. Creditors increased by 110% to £100,000, and net assets rose by just 5.9% to £130,000. 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 remain nimble, but the increase in creditors should be monitored. There's no auditor mentioned, so the figures are unaudited.

Overall, Linnex (uk) Ltd appears to be a specialist business with a strong online presence and a good reputation, but the rising creditors suggest it’s burning through cash a little faster than it’s bringing it in.

Registered in England/Wales under the registration number 11092941, with a registered address at LE5 4LE, United Kingdom, Leicester, 109 Coleman Road.

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