Refrigeration Lindum Limited

Refrigeration Lindum Ltd, based in North East Lincolnshire, UK, is a small, family-run business with an active status. Founded 22 years ago in 2002, the company employs eight people and holds £202,158 in assets. It operates from a real address and is managed by three directors and two owners. Google reviews give it a perfect 5.0 rating based on a single review. The company is an irregular importer of machinery, boilers, and mechanical appliances, with its last import activity recorded one month ago in August 2022.

The company’s website, refrigerationlindum.co.uk, positions itself as a specialist in refrigeration services, covering the UK with ammonia, CO2, and hfc blends. It emphasizes options for customers to reduce their carbon footprint by using natural refrigerants like ammonia and CO2. The website details industrial and commercial refrigeration services, highlighting compliance with FGas regulations. It's clear they are not an e-commerce business, but rather a service provider.

Financially, Refrigeration Lindum Ltd shows some concerning trends. Cash reserves have plummeted 70%, falling to £52,000, while current assets have decreased by 23% to £200,000. Trade debtors have surged by 75%, reaching £140,000, which could indicate difficulties in collecting payments. Creditors have increased by 40%, and bank borrowings have risen significantly. Despite these pressures, the company’s net assets have fallen by 75% to £38,000. The company is small, meeting two of the three criteria for classification, and is exempt from an audit.

The sharp decline in equity and cash reserves suggests the company is burning through money. While the business is well-regarded for its services, the financial data indicates a need for careful management to ensure long-term sustainability.

Registered in England/Wales under the registration number 04491324, with a registered address at DN31 3JP, North East Lincolnshire, King Edward Street, Grimsby.

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