Lucas Machinery Limited

Lucas Machinery Ltd, based in Market Rasen, UK, is a small, family-run business with an active status, having been founded fifteen years ago. The company employs just three people and holds £5,525,920 in assets. It operates from a real address and is overseen by two directors and two owners. Lucas Machinery is an irregular importer and exporter of machinery, boilers, and mechanical appliances, with parts, importing for one month and exporting for two.

The company’s website showcases a focus on construction equipment, offering a wide range of machinery from brands like Caterpillar, Komatsu, and Volvo. It’s clear that Lucas Machinery operates primarily as a reseller, listing equipment for sale rather than manufacturing or providing extensive repair services. The site’s design is functional, with clear categories and contact information, suggesting a straightforward business model focused on sales. There’s no indication of e-commerce functionality; instead, it serves as a catalogue and lead generation tool, encouraging customers to contact them directly.

Financially, Lucas Machinery’s recent performance presents a mixed picture. While current assets have increased by 5.8% to £5.5 million, net assets have only grown slightly by 2.5% to £4.6 million. Bank borrowings have increased significantly by 370% to £54,000, which could indicate increased investment or working capital needs. Creditors have also increased by 23%, suggesting a reliance on trade credit. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the increased borrowing and rising creditors could be a cause for concern. The company’s lack of employees (only three reported) reflects its lean operational structure. As a small company, it is exempt from an audit, so the figures are unaudited.

Overall, Lucas Machinery appears to be a stable, albeit small, business. While the increased borrowing is something to monitor, the company’s focus on a specialized market and its established relationships with equipment manufacturers position it for continued success.

Registered in England/Wales under the registration number 07047662, with a registered address at LN8 3FD, Market Rasen, Lincolnshire, Grapha Farm, Caistor Road.

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