Longhurst Refrigeration Ltd

Longhurst Refrigeration Ltd, based in Hythe, UK, is a small, family-run business with an active status, established ten years ago in 2014. Employing fifteen people, the company holds £1,961,522 in assets and operates from a real address at Unit D2 Lympne Industrial Park. With three directors and two owners, the business specializes in the repair and maintenance of transport equipment, and is an irregular importer of electrical machinery and equipment, with a recent import operation in June 2024.

The company’s website, Longhurst Refrigeration, focuses on 24-hour transport refrigeration breakdown services, indicating a B2B focus on emergency repairs and maintenance for refrigerated vehicles. There’s no obvious e-commerce element, suggesting the business relies on direct customer contact and service calls.

Financially, Longhurst Refrigeration Ltd presents a mixed picture. While current assets have increased by 43% to £2,000,000, net assets have also risen by 20% to £880,000. However, bank borrowings have surged by a significant 2,400%, reaching £29,000, and cash reserves have fallen 30% to £19,000. Creditors have also increased substantially, by 67%, to £910,000, which could be due to increased stock or supplier payments. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the increased debt levels warrant attention. The company is exempt from an audit, so the financial data is unaudited.

The rise in bank borrowings and a drop in cash reserves suggest the company might be burning through money, possibly to support growth or cover operational costs. The increase in creditors could indicate challenges in managing supplier payments, or alternatively, a strategic decision to extend payment terms. The company’s directors have elected not to deliver a profit and loss account, and the accounts are abridged.

Registered in England/Wales under the registration number 09204528, with a registered address at CT21 4LR, England, Hythe, Kent, Unit D2 Lympne Industrial Park, Lympne.

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