Lts Energy Ltd

Lts Energy Ltd is a small, holding company based in Lincoln, UK, with an active status. Founded nine years ago in 2015, the company employs just two people and holds assets worth £2,971,193. Registered at a virtual address shared by twenty-three other companies, it’s managed by one director and one owner. The company operates in the manufacture of tubes, pipes, hollow profiles and related fittings, of steel industries.

The company is an irregular importer, bringing in machinery, boilers, and mechanical appliances—parts for just one month of activity, the last recorded in June 1, 2020. It also exports basic metal tools and utensils for two months, with the last export operation occurring on May 1, 2023. While it’s not clear what the company’s holding status entails, it suggests a broader network of investments or subsidiaries.

Financially, Lts Energy Ltd shows a mixed picture. Current assets remain steady at £3,000,000, but cash reserves have increased by 30% to £2,700,000. Debtors have dramatically decreased by 68%, dropping to £300,000—a positive sign of improved collections. However, accrued liabilities deferred income have plummeted 96%, reducing to £21,000. Creditors have also decreased by 15%, settling at £1,800,000. 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 significant drop in debtors warrants further investigation. The accounts are unaudited, and Nicholsons Audit (Statutory Auditor) is the auditor.

The company’s financial data suggests it’s not burning through money like a startup, but it’s also not experiencing explosive growth. The increase in cash reserves is encouraging, but the decrease in debtors could indicate a slowdown in sales or difficulties collecting payments. The company is a small business, and the directors report that it operates a defined contribution pension scheme.

Registered in England/Wales under the registration number 09700409, with a registered address at LN6 3QN, United Kingdom, Lincoln, Lincolnshire, Newland House The Point, Weaver Road.

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