Lynas Foodservice

Lynas Foodservice from Co.Londonderry UK: a large company, holding company, active status, founded 47 years ago, real address, 7 directors, 1 owner. Regular importer of paper and paperboard products (5 months imported). It’s a significant player in the Northern Irish food wholesale sector, serving a broad customer base with a focus on quality and service. The company, established in 1978, operates from Loughanhill Industrial Estate and is a key supplier to restaurants, hotels, and other food service businesses across the region.

The business’s website highlights a multi-faceted approach, offering both traditional wholesale services and a modern online ordering platform, “Order Online.” This platform allows customers to browse a vast selection of over 5,000 products, 24/7, and features a “Causeway Prime” brand showcasing craft butchery and locally sourced produce. The site also points to “Whatsnext Creative,” suggesting a potential focus on innovative food solutions and catering services. It's clear they are trying to offer a range of services to meet customer needs.

Financially, Lynas Foodservice demonstrates a mixed picture. While turnover increased by a respectable 13% to £130 million, net assets decreased by 10% to £27 million. Bank borrowings increased by 14%, reaching £1.2 million, and cash reserves fell by 20% to £1.6 million. Creditors, however, decreased by 5%, suggesting improved management of short-term liabilities. The company meets the criteria for a large company, with turnover exceeding £36 million, balance sheet total over £18 million, and more than 250 employees. The lack of an auditor mentioned suggests the company is exempt from mandatory audits.

Overall, Lynas Foodservice appears to be a stable, large-scale operation facing typical challenges associated with growth and changing market conditions. The continued investment in online platforms and branded products indicates a commitment to adapting to evolving customer expectations, but the decline in cash reserves warrants close monitoring.

Registered in Northern Ireland under the registration number NI012505, with a registered address at BT52 2NR, Co.Londonderry, Loughanhill Industrial Estate, Coleraine.

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