Abm Precast Solutions Ltd

Abm Precast Solutions Ltd, based in Newark, UK, is a small, active company established nineteen years ago. Employing fifty-five people and holding assets of £3,443,227, it’s a family business with seven directors and three owners. The company boasts a 4.0 Google rating from six reviews and regularly imports iron and steel, with the last import operation occurring three months ago.

The company specializes in the manufacture of concrete products for construction purposes, operating as "The Great British Precaster." It’s a significant producer of prestressed bridge beams in Britain, offering a comprehensive range of beam profiles and bespoke reinforced products. Services include a "OneStopShop" for design, manufacture, and installation, alongside technical support, design detailing, value engineering, and BIM services. Their product range spans from small coping units to massive structural components weighing over 120 tonnes, including arch, portal frame systems, and prestressed concrete beams.

Financially, Abm Precast Solutions Ltd shows a mixed picture. Current assets have decreased by 25% to £340,000, while net assets have increased by 1.6% to £1.4 million. Bank borrowings have increased by 22%, reaching £380,000, and cash reserves remain steady at £1.1 million. Creditors have decreased by 30%, suggesting improved debt management. The company meets two of the three criteria to be considered small, with a turnover under £10.2 million, assets under £5.1 million, and fewer than fifty employees. Depreciation impairment for plant machinery has increased by 11%, which could be a sign of investment in equipment, but also a sign of wear and tear. The company’s unaudited financial statements were prepared by Streets Audit LLP.

Overall, Abm Precast Solutions Ltd appears to be a stable, albeit small, company navigating the challenges of the construction industry. The increase in borrowing and depreciation, however, suggests a need to monitor cash flow and asset maintenance.

Registered in England/Wales under the registration number 05477483, with a registered address at NG22 0PQ, Newark, Nottinghamshire, Walkers Industrial Estate, Ollerton Road Tuxford.

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