Lolex Ltd

Lolex Ltd from Belfast UK: a small, active company founded five years ago, employs three people, and holds £481,658 in assets. With two directors and two owners, it operates from a real address and is an irregular importer of machinery, boilers, and mechanical appliances—parts, with the last import activity occurring just one month ago in September 2024. The company is a small business, meeting two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

Lolex Ltd specializes in the sales and servicing of powered access equipment, acting as an authorized dealer for Sinoboom, Dinolift, and Axolift. Its website showcases a range of equipment, including boom lifts, scissor lifts, and spider crawlers, alongside servicing and maintenance options, LOLER inspections, and even battery services. The company's online presence highlights its 25 years of experience in the industry and emphasizes its role as a specialist in powered access solutions. The site also features testimonials from satisfied customers, reinforcing its reputation for quality service and support.

Financially, Lolex Ltd's report shows some interesting trends. Accumulated depreciation for plant machinery has increased significantly, growing by 120%, while additions to plant machinery have remained steady. Cash bank on hand has plummeted by 65%, dropping to £120,000, and trade debtors have doubled to £240,000. Creditors have also decreased slightly. While net assets have increased by 32% to £280,000, the decrease in cash reserves could indicate increased investment or a reliance on credit. The company is exempt from an audit as a small company. The number of employees has increased slightly to four.

Registered in Northern Ireland under the registration number NI662847, with a registered address at BT2 8EQ, United Kingdom, Belfast, 19 Alfred Street.

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