L.j. Machine Tools Limited

Lj Machine Tools Ltd from Craigavon UK: a small, active company founded 45 years ago, employs 14 people, and holds £2,578,091 in assets. It’s a family business with six directors and four owners, boasting a respectable Google rating of 4.0 based on nine reviews. The company regularly imports iron or steel products, with 64 months of import activity recorded, the last in November 2024.

The company operates in the other retail sale not in stores, stalls or markets industries. While it has a real address, its website currently advertises a new website coming in 2025, designed by Banbridge Website Studio. This suggests a potential shift in its online presence, though details remain scarce.

Financially, Lj Machine Tools Ltd shows a mixed picture. Current assets increased by 4.8% to £2,600,000, while net assets climbed 13% to £2,000,000. Bank borrowings decreased by 24%, reaching £300,000, and cash reserves increased by 23% to £110,000. Creditors decreased by 20%, suggesting better debt management. However, accrued liabilities deferred income dropped by 43%, and future minimum lease payments increased by a staggering 1500%. The company meets two of three criteria for being a small company (turnover under £10.2m, assets under £5.1m, fewer than 50 employees), which helps keep it nimble. With no auditor mentioned, the figures are unaudited.

Overall, Lj Machine Tools Ltd appears to be in a stable position, but the significant increase in future lease payments warrants further observation. The upcoming website launch could be a key factor in its future success, allowing it to better showcase its products and reach a wider customer base.

Registered in Northern Ireland under the registration number NI013679, with a registered address at BT66 8EQ, United Kingdom, Craigavon, Co Armagh, 187d Union Street, Lurgan.

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