Lister Machine Tools (n.i.) Limited

Lister Machine Tools (n.i.) Limited, based in Antrim, Northern Ireland, is a large, active company established fifty years ago in 1975. The business, with a real address and a Google rating of 5.0 based on four reviews, employs ten people and holds assets worth £5,448,313. Annual revenue reached £6,848,492, and the company regularly imports electrical machinery and equipment, with the last import operation occurring four months ago. Three directors and one owner oversee the operations.

The company’s website highlights its specialization in the distribution of machine tools, but also reveals a significant, related venture: the restoration and sale of high-end pianos. This piano division, operating from Cambridge, even boasts a showroom in Harrods, London, focusing on museum-grade restorations and self-play system integrations. While both businesses share the "Lister" name, the website doesn's clearly define the relationship between the two.

Looking at the financials, Lister Machine Tools (n.i.) Limited presents a mixed picture. While cash bank on hand increased by 5.2% to £2,300,000, net assets decreased by 36% to £2,300,000. Trade debtors rose by 24% to £2,200,000, suggesting a possible increase in credit sales, but also a potential risk of delayed payments. Bank borrowings decreased by 100% to zero, which could indicate a reduction in debt or a reliance on other financing options. The company’s turnover decreased by 44% to £6,800,000, a significant drop that may be linked to broader economic conditions or industry-specific challenges. The average number of employees decreased by 20% to eight, which could be a result of restructuring or reduced demand. The company is audited by Grant Thornton, and the accounts are prepared in accordance with FRS 102.

Overall, Lister Machine Tools (n.i.) Limited appears to be navigating a period of change. The expansion into the high-end piano market offers a potential avenue for diversification and increased revenue, but the company will need to carefully manage its finances and address the decline in turnover to ensure long-term sustainability.

Registered in Northern Ireland under the registration number NI010580, with a registered address at BT41 4LZ, Antrim, 4 Fergusons Way, Kilbegs Road.

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