Lynx Precast Limited

Lynx Precast Limited, based in Ashington, UK, is a sizable company with an active status, established eleven years ago in 2013. Employing 106 people, the company holds assets valued at £15,477,727. It operates from a real address and is overseen by three directors and three owners. A key feature is its e-commerce site, complemented by a 4.0 Google rating from 31 reviews. The company regularly imports machinery, boilers, and mechanical appliances, with parts imported for the past 22 months.

Lynx Precast specializes in the design, manufacture, and installation of precast concrete products, including flooring, stairs, and lift shafts. It serves various sectors of the UK construction industry, from housebuilders to self-builders, offering both supply-only and installation services. The company prides itself on its state-of-the-art manufacturing facility and experienced fixing teams. It's website details a comprehensive range of products and services, including design consultation, technical advice, and manufacturing support.

Financially, the company shows mixed trends. While cash reserves increased by 14% to £5,200,000, net assets only increased by 16% to £17,000,000. Bank borrowings decreased by 36% to £180,000, suggesting improved debt management. However, administrative expenses increased by 6% to £5,700,000, and net loss decreased by 24% to £3,500,000. Creditors decreased by 5%, indicating better management of short-term liabilities. The company meets two of three criteria to be considered large, with turnover over £36 million, balance sheet over £18 million, and employees over 250. The accounts are audited by Azets Audit Services.

The increase in administrative expenses, alongside the decrease in net loss, suggests that while the company is managing its debts, it’s also investing in its operations. The decrease in bank borrowings is a positive sign, but the ongoing net loss indicates that it's still working to become consistently profitable. The company's reliance on regular imports of machinery and parts, as well as its e-commerce presence, suggests a modern, adaptable business model.

Registered in England/Wales under the registration number 08642081, with a registered address at NE63 9YH, England, Ashington, Northumberland, Lynefield Park.

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