Ljf Engineering Limited

Ljf Engineering Ltd, based in Lancashire, UK, is a small, active company established 24 years ago. With 17 employees and £285,589 in assets, it operates from a virtual address, a detail flagged by the presence of fifteen other companies registered at the same location. The company is led by three directors and a solo founder, Forshaw Barry, and maintains a 3.0 Google rating from just two reviews. It’s an irregular importer, primarily dealing in machinery, boilers, and mechanical appliances; parts, with its last import operation recorded 11 months ago in March 2022.

The company's website is not available, making it difficult to determine the exact nature of its operations beyond the import activities. It appears to operate within the "other engineering activities" industries, but lacks a detailed online presence.

Financial data reveals a mixed picture. While the company’s net assets decreased by 6.4% to £250,000, cash reserves experienced a remarkable surge of 3100%, reaching £190,000. However, bank borrowings remained consistent at £30,000, and current assets decreased by 10% to £290,000. Trade debtors plummeted by a substantial 77%, suggesting improved collection rates or a shift in credit policies. Creditors increased by 62%, which could indicate increased supplier costs or a need for more working capital. The company's small size—meeting two of three conditions for a small company—helps it remain agile, but the decline in equity is a cause for concern. The absence of an auditor, due to its status as a small company, means the figures are unaudited.

Overall, Ljf Engineering Ltd seems to be navigating a period of change. While cash reserves are healthy, the decrease in equity and current assets suggests potential financial pressures. The company’s irregular import activity and lack of online presence add to the uncertainty, but its long-standing presence and established directorate suggest a degree of resilience.

Registered in England/Wales under the registration number 04147070, with a registered address at WN1 1TT, Lancashire, 41 Bridgeman Terrace, Wigan.

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