Logs Of Lye Ltd

Logs Of Lye Ltd, based in Brierley Hill, UK, is a small holding company with an active status, established nine years ago in 2015. Employing seven people, the company holds £358,988 in assets and operates from a real address, managed by two directors and owned by three individuals. It runs an e-commerce site and has a stellar 5.0 Google rating based on 20 reviews, and is an irregular importer of wood and wood products, with its last import operation occurring two months ago.

The company’s website highlights its focus on kiln-dried logs for domestic use, sourcing local, legal, and sustainable wood. Logs Of Lye supplies both wholesale and retail customers, with locations in Stourbridge and Dudley. The site emphasizes quality, low moisture content, and a low carbon footprint, offering free delivery within 15 miles and open collection hours. It also promotes its commitment to British woodlands and responsible forestry practices.

Financially, Logs Of Lye Ltd’s recent performance presents a mixed picture. Cash reserves decreased by 65%, falling to £30,000, while bank borrowings were reduced significantly, dropping 90% to £10,000. Creditors also decreased by 37%, to £380,000, suggesting improved debt management. However, net assets increased by 130%, reaching £280,000, and debtors rose 64%, to £160,000. The company meets the criteria for a small business, with turnover less than £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it’s exempt from an audit, and the financial statements are unaudited.

Overall, Logs Of Lye Ltd appears to be navigating a period of change. While cash flow has tightened, the company's ability to manage its debts and increase its equity suggests a degree of resilience. The focus on sustainable practices and customer satisfaction, combined with a strong online presence, could position it well for continued success.

Registered in England/Wales under the registration number 09744362, with a registered address at DY5 2YX, England, Brierley Hill, West Midlands, Unit 5 Two Woods Trading Estate, Talbots Lane.

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