Lubrication Limited

Lubrication Ltd from Coalville UK: a small, active company founded 23 years ago, employs seven people, and holds £193,875 in assets. It’s a real address, managed by three directors and two owners, and operates as a family business. The company regularly imports soaps, cleaning products, and waxes – 22 months worth – and occasionally exports the same items, with just one month of export activity recorded as of May 2020.

The company’s website showcases a wide range of lubricants for various industries, from trade and retail customers. It highlights products like Svitol Bike Clean, MotulTech, and Petronas Sprinta, emphasizing cleaning, protection, and performance. Lubrication Ltd also offers a selection of its own brand products and provides advice on lubricant selection, even for multinational corporations. They boast a warehouse space and offer stock level agreements to ensure a constant supply, and even provide a lubricant condition monitoring service.

Financially, Lubrication Ltd presents a mixed picture. Current assets have decreased by a significant 46% to £190,000, while net assets also dropped by 14% to £310,000. Bank borrowings have been reduced by 23%, and cash reserves have fallen by 42% to £27,000. Creditors have also decreased by 61%, suggesting improved debt management. The company meets two of three criteria to be considered small, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. With no auditor mentioned, the financial statements are unaudited.

It seems the company is facing some financial pressures, but its wide range of products and commitment to customer service may help it weather the storm.

Registered in England/Wales under the registration number 04221249, with a registered address at LE67 3NQ, England, Coalville, Unit 10 Oaks Industrial Estate, Snibston Drive.

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