Liugong Machinery (uk) Limited

Liugong Machinery (UK) Limited, based in Portsmouth, is a large holding company with an active status, established fifteen years ago. The company, employing 56 individuals, boasts substantial assets of £41,996,995 and yearly revenue of £32,900,230. It's overseen by seven directors and has one owner, maintaining a stellar Google rating of 5.0 based on eleven reviews. The company regularly imports and exports machinery, boilers, and mechanical appliances, parts, with a long history of both activities.

The company’s website paints a picture of a global construction equipment manufacturer. LiuGong emphasizes its commitment to building the world, highlighting its attention to detail and engagement. The site showcases a wide range of equipment, from excavators and wheel loaders to skid steers and MEWPs, catering to diverse applications. It also offers support services, including parts, training, and dealer networks. The website's design and content suggest a focus on building brand recognition and attracting international customers.

Financially, Liugong Machinery (UK) Limited shows a mixed bag. While cash bank on hand saw a dramatic increase of 24000%, from £25,000 to a staggering £6,100,000, net assets plummeted by 350%, ending at -£2,700,000. Bank borrowings increased significantly by 160%, reaching £10,000,000. Creditors remained relatively stable, suggesting consistent management of short-term liabilities. Despite the increase in bank borrowings, the substantial increase in cash reserves may indicate a recent influx of capital or improved cash flow management. The company’s substantial assets and revenue suggest a strong foundation, but the decrease in equity raises concerns about profitability and long-term sustainability. The company’s auditor, Bennett Brooks & Co Limited, has issued an unqualified opinion, indicating that the financial statements present a true and fair view of the company’s financial position. The company’s small decrease in administrative expenses may be a positive sign, suggesting efficiency gains.

Registered in England/Wales under the registration number 07068266, with a registered address at PO3 5RD, England, Portsmouth, 3 Bolde Close.

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