Lovatt Brothers Ltd

Lovatt Brothers Ltd from Montgomery UK is a small, family-run business with an active status, founded six years ago. The company employs fifteen people and holds £916,143 in assets, operating from a real address. With two directors and two owners, it boasts a stellar 5.0 Google rating based on 26 reviews. Lovatt Brothers is an irregular importer of electrical machinery and equipment, with just one month of imports recorded.

The company’s website reveals a focus on scrap metal recycling and skip hire services in Mid Wales, covering areas like Montgomery, Newtown, and Welshpool. They buy ferrous and non-ferrous metals, including cars, plant machinery, and vehicle batteries, offering competitive rates for both industrial and household customers. Skip hire services are also provided, with various sizes available for commercial, industrial, and domestic use. Contact information is readily available, including a phone number, fax number, and physical address.

Financially, Lovatt Brothers Ltd presents a mixed picture. While cash bank on hand increased by 10% to £470,000, creditors saw a significant jump of 40% to £690,000. Bank borrowings also increased to £22,000. Debtors rose by 59% to £220,000, which could indicate expanding sales but also potential collection issues. Despite this, 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 flexibility. The company’s accounts are unaudited, and no auditor is mentioned, which is common for small companies. Overall, Lovatt Brothers Ltd seems to be holding its own, but the rising debt levels warrant close monitoring.

Registered in England/Wales under the registration number 11718978, with a registered address at SY15 6NW, United Kingdom, Montgomery, Powys, Goetre Villa, Abermule.

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