L S Forklifts Limited

Ls Forklifts Ltd is a small, active company based in Portadown, Northern Ireland, established nineteen years ago in 2005. Employing seven people and holding £470,222 in assets, it operates from a real address and is managed by three directors and two owners—a family business. The company runs an e-commerce site and has a solid 4.0 Google rating from thirteen reviews. It’s a regular importer, primarily of machinery, boilers, and mechanical appliances, with the last import activity recorded six months ago.

The company's website, LS Forklifts, focuses on forklift parts and truck sales, offering a wide range of components and services. It provides a search function to find parts by engine type, categorizing them by manufacturer and part type. The site also features specials and a resource section with drawings and info centres. The business seems to offer both new and used parts, as well as forklift hire, and even has a section dedicated to export trucks.

Financially, Ls Forklifts Ltd shows a mixed picture. Current assets increased by 4.8% to £470,000, while net assets rose by 2.8% to £350,000. Bank borrowings decreased significantly, falling 37% to £55,000, and cash reserves increased 14% to £220,000. However, accrued liabilities increased slightly, rising 10%, and corporation tax payable saw a massive jump of 490%. 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, but the rise in tax payable may indicate a need for better financial planning. As a small company, it is exempt from an audit, so the figures are unaudited. Overall, Ls Forklifts Ltd appears to be holding its own, though it's important to monitor the tax situation closely.

Registered in Northern Ireland under the registration number NI057391, with a registered address at BT62 1LR, 12 Clonmakate Road, Portadown.

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