Pure Lubrication Ltd

Pure Lubrication Ltd, based in Glasgow, UK, is a small holding company with an active status, established seven years ago in 2017. The company employs fourteen people and holds assets valued at £1,230,632. With two directors and a single owner, it operates from a real address and is regularly involved in importing and exporting soaps, cleaning products, and waxes – twelve months of imports and nine months of exports recorded.

The company’s website, salespurelubrication.co.uk, positions Pure Lubrication as a trusted partner for lubricants, lubrication services, and reliability solutions. They supply premium quality branded industrial, marine, automotive, and aviation lubricants across the UK and beyond, offering a range of tailored lubrication services and solutions. The site highlights expertise in areas like condition-based monitoring, lubrication scheduling, and oil condition monitoring. They even offer a comprehensive lubrication management program.

Financially, Pure Lubrication Ltd shows some encouraging trends. Current assets increased by 12% to £1,200,000, and net assets also grew by 21% to £760,000. Cash reserves saw a healthy 12% increase to £520,000. Trade debtors also increased by 14% to £570,000. However, bank borrowings increased significantly, and other creditors decreased sharply. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than fifty employees. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

Overall, Pure Lubrication Ltd appears to be financially stable and growing, with a clear focus on providing specialized lubricant services and products. The increase in debtors, however, might suggest a need to manage customer payments more effectively.

Registered in Scotland under the registration number SC570400, with a registered address at G77 5LL, Scotland, Glasgow, 4.5 Kirkhill House Office Park 81 Broom Road East, Newton Mearns.

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