Lmr Drilling Uk Ltd

LMR Drilling Spezialist fr HDDBohrungen Ludwig Freytag Gruppe Ludwig Freytag is a small, active company based in Oldenburg, Germany, with a UK presence. Founded 25 years ago in 1999, the company employs nine people and holds £4,189,369 in assets. It operates as a family business with four directors and three owners. The company regularly imports machinery, boilers, and mechanical appliances parts, with 10 months of import activity recorded, and exports the same items, with 16 months of export activity.

The company's website reveals a focus on horizontal directional drilling (HDD) technology and related services. It's part of the larger Ludwig Freytag Group, offering HDD drilling services, equipment rental, and even piano restoration (a surprising diversification!). The company emphasizes experience, technical expertise, and a commitment to quality, catering to industries like energy and infrastructure. Their website is well-designed and informative, with sections dedicated to their services, equipment, and career opportunities.

Financially, LMR Drilling UK Ltd shows a mixed picture. While current assets decreased by 25% to £4,200,000, bank borrowings surged by 2,400% to £29,000, and cash reserves fell 17% to £3,700,000. Creditors decreased by 37%, suggesting better debt management. Net assets also declined by 23% to £3,700,000. 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 stay agile, but the sharp equity drop raises questions. Director remuneration increased by 84% to £240,000. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company’s focus on specialized HDD drilling services, coupled with its connection to the larger Ludwig Freytag Group, suggests a strong market position. However, the recent financial trends warrant close monitoring to ensure long-term sustainability. It’s clear that the company is holding steady, but facing pressures.

Registered in England/Wales under the registration number 03765177, with a registered address at CH41 1FN, Birkenhead, Merseyside, Egerton House, 2 Tower Rd.

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