Lomax Technical Services Limited

Lomax Technical Services Ltd, based in Norwich, UK, is a small, active company established 27 years ago. Employing five people and holding assets of £2,500,645, it operates from a real address at Snetterton Business Park. With three directors and two owners, the company boasts a perfect 5.0 Google rating based on two reviews. It’s a regular importer of machinery, boilers, and mechanical appliances, parts, with the latest import operation occurring in June 2024. Simultaneously, it’s a regular exporter of the same items, with the last export operation in December 2024.

The company’s website, Lomax Technical Services, focuses on bespoke spiral freezer, chiller, and cooling solutions for various industries. It doesn't appear to be an e-commerce site, but rather a B2B provider offering custom-engineered systems. The site highlights its expertise in sectors like ice cream and dairy, bakery, and even petrochemicals, showcasing a range of products including spiral freezers, hydro coolers, and wax moulders. It emphasizes British manufacturing and offers site services and integrated systems.

Financially, Lomax Technical Services Ltd presents a mixed picture. While current assets increased by 21% to £2,500,000, bank borrowings surged by 110% to £500,000. Creditors also rose significantly, by 110% to £500,000, suggesting increased reliance on short-term financing. Cash reserves, however, remained stable at £1,400,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the increase in debt warrants attention. Depreciation for motor vehicles decreased by 15%, which could indicate reduced investment in this area. With no auditor mentioned, the financial statements are unaudited.

Overall, Lomax Technical Services Ltd seems to be a stable, specialized provider navigating a competitive market. The company's focus on custom solutions and its strong industry presence should help it continue to thrive, though careful management of its increasing debt will be crucial.

Registered in England/Wales under the registration number 03458788, with a registered address at NR16 2JZ, England, Norwich, Norfolk, Unit 7 Snetterton Business Park Chalk Lane, Snetterton.

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