Lorlin Electronics Limited

Lorlin Electronics Ltd, based in West Sussex, UK, is a small, holding company with an active status. Founded 28 years ago in 1996, the company employs 26 people and holds £970,610 in assets. It’s managed by six directors and owned by Seckloe 267 Ltd. The company has a real address and regularly imports and exports electrical machinery and equipment—84 months of import activity and 127 months of export activity recorded.

The company operates in the manufacture of electronic components. Its website is currently unavailable, so it’s difficult to determine the specifics of its online presence or e-commerce activities.

Financially, Lorlin Electronics Ltd shows some concerning trends. Current assets have decreased by 16% to £970,310, while net assets have fallen 4.6% to £630,000. Cash reserves have dropped by a significant 23% to £300,000. Bank borrowings have increased by 2,400%, reaching £29,000. Creditors have decreased by 57% to £120,000, which could suggest improved debt management, but the drop in cash and rise in bank borrowings are notable. The company meets two of three criteria to be considered small (turnover under £10.2m, assets under £5.1m, fewer than 50 employees). The lack of an auditor mentioned likely means the accounts are unaudited.

Despite these challenges, the company's long-standing import and export activity demonstrates a consistent business model. It’s likely that the decrease in cash reserves is a temporary setback, but the company should monitor its bank borrowings closely.

Registered in England/Wales under the registration number 03204538, with a registered address at BN17 7AT, West Sussex, Harwood Road, Littlehampton.

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