Ludford Parts Ltd

Ludford Parts Ltd from Ludlow UK: a small, active company founded 20 years ago, employs 28 people, and holds £3,296,942 in assets. It’s a real address with four directors and three owners, a family business with a stellar 5.0 Google rating based on 31 reviews. The company is an irregular importer of iron or steel products, with just one month of imports recorded as of September 01, 2024.

The company operates in the retail trade of motor vehicle parts and accessories industries. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, and fewer than 50 employees. The company’s website is non-existent, so it's unclear if they have an e-commerce presence.

Looking at the financial data, Ludford Parts Ltd shows a mixed picture. Cash reserves increased significantly by 71% to £1,200,000, which is a good sign. However, net losses deepened to -£23,000, and trade debtors ballooned by 890%, suggesting delayed customer payments. Creditors also increased by 77%, reaching £1,500,000, and bank borrowings increased by 2,400%, reaching £29,000. The company’s small size helps it stay agile, but the increase in borrowings and losses raises questions. No auditor is mentioned, likely due to its status as a small company. It's possible the company is investing in new inventory or equipment to meet demand, but the rise in debt should be monitored.

Registered in England/Wales under the registration number 05163780, with a registered address at SY8 1JH, United Kingdom, Ludlow, Shropshire, 47 Weeping Cross Lane.

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