Abbey Forged Products Limited

Abbey Forged Products Ltd, hailing from South Yorkshire, UK, is a substantial player in the forging industry, holding company status, and boasting an active trading status. Established 42 years ago in 1982, the company employs 180 people and holds assets worth £34,356,247, generating a yearly revenue of £34,891,561. With a real address and six directors, it’s a well-structured organization. A Google rating of 4.0 from eight reviews suggests a generally positive customer perception. The company regularly imports and exports iron and steel, with 51 months of import activity and 198 months of export activity recorded.

The company's website highlights its focus on manufacturing excellence, particularly in the oil, gas, defence, and aerospace sectors. It positions itself as the UK's leading forgemaster, specializing in bespoke products using both traditional and modern forging techniques. Beyond forging, the website showcases services like NDT testing, heat treatment, and research and development. It also lists a range of material grades and sectors served, including general engineering and bespoke forgings. The company even offers an "Express" service for rapid production, a unique selling point.

Financially, Abbey Forged Products Ltd shows some concerning trends. While turnover increased by 12%, current assets decreased by 9.2% to £34 million. Bank borrowings increased significantly, and cash reserves dropped by a notable amount. Creditors, however, decreased, indicating improved debt management. The company meets two of three criteria to be considered a large company, indicating a substantial operation. The lack of an auditor mentioned in the report suggests the company is exempt from an audit.

The decrease in cash reserves and the increase in bank borrowings, coupled with the net loss deepening to -£1 million, suggest the company is burning through cash. This could be due to increased material costs, investments in new equipment, or a slowdown in sales. However, the continued growth in turnover and the strong presence in key industries like oil and gas indicate underlying strength. The company’s ability to maintain its position as a leading forgemaster, despite these challenges, is a testament to its expertise and customer relationships.

Registered in England/Wales under the registration number 01644542, with a registered address at S6 1ND, South Yorkshire, Beeley Wood Works, Beeley Wood, Lane, Sheffield.

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