Lochaline Quartz Sand Limited

Lochaline Quartz Sand Ltd from Ormskirk UK: a small holding company with an active status, was founded thirteen years ago in 2011. The company employs thirty-eight people and holds assets worth £3,227,409. It operates from a real address in Ormskirk and is overseen by five directors and one owner. It has a stellar 5.0 Google rating based on three reviews. The company regularly imports machinery, boilers, and mechanical appliances, with the latest import operation taking place in July 2024.

The company's website highlights its production and plant operations, quality control, and history. It specializes in silica sand with low iron content, ideal for high-quality glass, and offers it in various formats – moist, loose, or dried and bagged. The website also mentions vacancies and contact information. It’s clear the company’s core business revolves around the extraction and supply of this specialized sand.

Financially, Lochaline Quartz Sand Ltd shows some interesting trends. While cash reserves increased by a substantial 200% to £530,000, current assets decreased by 3.8% to £3.2 million. Trade debtors saw a significant drop of 26%, falling to £1.9 million, which could indicate improved collection efforts. However, bank borrowings increased by 350%, reaching £210,000, and provisions for liabilities rose by 21%, suggesting potential future obligations. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There's no mention of an auditor, which is common for small, exempt companies.

Overall, Lochaline Quartz Sand Ltd appears to be navigating a period of change. The increase in cash reserves is a positive sign, but the rise in borrowings and the decline in current assets warrant closer monitoring. The company's niche product and strong Google rating suggest a solid foundation, but financial pressures could be impacting its long-term stability.

Registered in England/Wales under the registration number 07687119, with a registered address at L40 5UF, Ormskirk, Lancashire, European Technical Centre Hall Lane, Lathom.

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