L P Technology Ltd

L P Technology Ltd, based in Accrington, UK, is a small, active company founded 22 years ago in 2003. With £956,763 in assets and a virtual address, the business employs 29 people and is led by three directors and a single owner, who also serves as the solo founder. The company’s core operations involve importing optical and medical tools and devices (for two months, with the latest in August 2024) and regularly exporting furniture, lighting, and prefabricated buildings (for five months, with the latest in April 2024). It's a manufacturer of tubes, pipes, hollow profiles and related fittings, of steel.

The company’s website is not available, so it’s difficult to determine if it operates an e-commerce site or focuses solely on business-to-business sales. The lack of a website could be a strategic choice, focusing on direct sales or partnerships rather than public retail.

Financially, L P Technology Ltd presents a mixed picture. Current assets have decreased by 6.1% to £900,000, while net assets increased by 11% to £470,000. Cash reserves have fallen significantly by 98% to just £6,200—a substantial drop. Trade debtors have risen sharply by 41%, suggesting potential challenges in collecting payments, and creditors decreased by 29%, which could indicate improved debt management. The company meets two of the three criteria to be considered small (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees). The company is not audited, so the numbers are unaudited.

Overall, L P Technology Ltd appears to be facing some financial pressures, particularly regarding cash flow. However, the increase in net assets suggests a positive underlying trend. The company’s focus on steel manufacturing and its export activities could provide a stable foundation for future growth, but the significant drop in cash reserves warrants close monitoring.

Registered in England/Wales under the registration number 04659316, with a registered address at BB5 1LP, England, Accrington, Lancashire, 22-28 Willow Street.

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