Westway Lubricants Ltd

Westway Lubricants Ltd from Wolverhampton UK: a small, active company founded eleven years ago, employs two people, and holds £439,137 in assets. It's a solo-founded operation with a real address, overseen by one director and owner, and operates an e-commerce site with a stellar 5.0 Google rating from 123 reviews. The company is an irregular importer, primarily dealing in plastics and plastic products, with the last import operation recorded just one month ago.

The company’s website, Westway Oils, showcases a wide range of lubricants – engine oils, gear oils, hydraulic oils, and more – catering to automotive, motorcycle, classic, agriculture, and industrial sectors. It’s clear they’re focused on British-made products, offering free UK mainland delivery with VAT invoices. The site’s professional design and detailed product descriptions suggest a commitment to customer service and quality.

Financially, Westway Lubricants Ltd shows a mixed picture. Cash bank has increased significantly by 89%, reaching £340,000, and current assets have grown by 66% to £440,000. However, net losses deepened to -£12,000, and trade debtors have decreased by 8%, which could indicate some payment issues. Creditors have also decreased by 35%, suggesting improved debt management. The company’s small size – meeting two of three criteria for a small company – allows for agility, but the increased losses are a concern. The company is exempt from an audit, so the figures are unaudited.

Overall, Westway Lubricants Ltd seems to be a growing business, but it’s important to monitor its profitability closely. The company's focus on British-made products and its strong online presence are positive signs, but the increased losses need to be addressed to ensure long-term success.

Registered in England/Wales under the registration number 09016346, with a registered address at WV5 8EB, England, Wolverhampton, Units 3-4, Wombrook Business Park Planks Lane, Wombourne.

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