Lynbond Ltd

Lynbond Ltd from Gainsborough UK: a small holding company with an active status, was founded 27 years ago in 1997. Employing five people, it holds £598,342 in assets, but operates from a virtual address, which is a little odd considering ninety-three companies share the same location. It's led by one director and one owner. The company regularly imports and exports various textile products, sets, used clothing, and rags – 147 months of import activity and 29 months of export activity recorded.

The company's website reveals a focus on providing cleanroom consumables and personal protective equipment (PPE) for the semiconductor industry. It offers a wide range of products, from tacky mats and cleanroom vacuums to clothing, footwear, and furniture, all aimed at maintaining sterile environments. The site includes an e-commerce platform, product categories, and a blog, suggesting a direct-to-customer sales model.

Financially, Lynbond Ltd presents a mixed picture. While cash reserves decreased by 17% to £120,000, trade debtors increased by 15%, which could be a good sign. However, bank borrowings rose significantly, with non-financial instruments between two and five years dropping to zero. Creditors also increased by 37%, and net losses deepened, indicating a potential strain on profitability. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The accounts are unaudited, a common exemption for small companies.

It’s interesting to note the significant increase in deferred tax, which could be related to various accounting adjustments. The company’s reliance on a virtual address, combined with the fluctuating financials, suggests a business that may be navigating challenges while serving a specialized niche.

Registered in England/Wales under the registration number 03407384, with a registered address at DN21 1EB, England, Gainsborough, Lincolnshire, C/O Abc Accounting Services 1 Willoughton Place, Wharton Close.

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