Lomas Engineering Limited

Lomas Engineering Ltd from South Yorkshire UK: a small, active company founded 47 years ago, employs 30 people, and holds £2,483,561 in assets. It has a real address, is overseen by three directors and one owner, and boasts a perfect 5.0 Google rating based on two reviews. The company regularly imports and exports basic metal tools and utensils, with 88 months of import activity and 236 months of export activity.

The company's website is minimal, offering little insight into its operations beyond its core business. It appears to be a straightforward manufacturer of tools, with no obvious e-commerce presence or diversification into related services. The website doesn't offer much to go on, so it's difficult to gauge the extent of its online activities.

Financially, Lomas Engineering Ltd shows a mixed picture. Cash reserves declined by 9.1% to £1,000,000, while creditors decreased by 24% to £470,000. Trade debtors increased by a significant 46% to £580,000, suggesting potential issues with customer payments. Bank borrowings increased by a staggering 190% to £70,000, which could indicate a need for additional capital. Despite these challenges, net assets remained stable at £2,600,000. The company meets the criteria for a small company, with turnover less than £10.2 million, assets under £5.1 million, and fewer than 50 employees. There is no mention of an auditor, likely due to its small size.

The increase in trade debtors and bank borrowings, combined with the decrease in cash reserves, suggests that Lomas Engineering Ltd may be facing some financial strain. However, the stable net assets and decrease in creditors indicate that the company is still managing its finances reasonably well. It’s possible that the increase in debtors is due to a period of strong sales, but the company will need to monitor its cash flow closely to ensure it can meet its obligations.

Registered in England/Wales under the registration number 01368906, with a registered address at S13 9LU, South Yorkshire, 11 Orgreave Place, Sheffield.

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