Pennine Lubricants Limited

Pennine Lubricants Ltd, based in Sheffield, UK, is a small, family-run business established 27 years ago. Employing 27 people, the company boasts assets of £4,151,546 and operates from a real address, managed by two directors and three owners. It’s an active business with a well-established e-commerce site and a history of importing machinery, boilers, and mechanical appliances (21 months) and exporting soaps, cleaning products, and waxes (19 months).

The company’s website highlights its position as “the lubricant specialists,” offering a wide range of products, from agricultural lubricants to metalworking fluids. It provides not only product sales but also a suite of services, including coolant monitoring, lubrication surveys, and even bespoke blending. Pennine Lubricants emphasizes technical expertise and support, with a team of engineers and staff available to assist customers. The site also features informative blogs and case studies, demonstrating a commitment to industry knowledge and customer engagement. They even launched a luxury scented traffic film remover recently, which is quite a unique offering.

Financially, Pennine Lubricants presents a mixed picture. Cash bank on hand increased by a substantial 40% to £1,800,000, a positive sign of liquidity. However, accrued liabilities and deferred income rose by 33% to £280,000, and corporation tax payable doubled to £270,000. Creditors decreased by 20% to £1,100,000, which is a good sign for debt management. The company’s net assets increased by 17% to £5,100,000. Capital commitments, however, jumped a significant 630% to £73,000, suggesting potential investments or expansion plans. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble, but the increased tax liability and capital commitments warrant close monitoring. No auditor is mentioned, likely due to the company's exemption as a small entity. Overall, Pennine Lubricants appears to be a stable business with growth potential, but the rising tax burden and investments will need to be managed carefully.

Registered in England/Wales under the registration number 03510091, with a registered address at S4 7QQ, England, Sheffield, South Yorkshire, Unit 32 Millstone Works, Atlas Way.

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