Addfield Limited

Addfield Ltd from Cannock, UK, is a small, active company founded eleven years ago in 2014. Employing just two people, it holds £177,174 in assets and operates from a real address, overseen by two directors and a single owner. The company regularly imports optical and medical tools and devices, with five months of import activity recorded, the latest in November 2024. It also engages in irregular exporting of machinery, boilers, and mechanical appliances, with two months of export activity, the last operation dating back to October 2017.

The company's website reveals it specializes in high-capacity waste disposal incinerators, serving diverse sectors like clinical waste, animal waste, oil and gas, and precious metal recovery. It’s a leader in developing innovative and sustainable solutions for complex waste disposal problems, offering incinerators for everything from medical waste to mining waste. The website boasts a range of services, including incineration, waste-to-energy systems, and even disaster recovery for damaged pianos – a surprising addition to their core business.

Financially, Addfield Ltd presents a mixed picture. Average number of employees during the period dropped by a significant 100%, falling to zero. Cash bank on hand increased by 130% to £92,000, but current assets decreased by 61% to £180,000. Trade debtors experienced a dramatic 79% decrease, falling to £86,000, which could indicate improved collection rates or a shift in sales strategy. Creditors, however, plummeted 99% to just £1,500 – a potentially concerning sign of reduced supplier credit or, perhaps, a period of paying down debt. The company’s small size (meeting two of three conditions for being classified as small) helps it remain nimble, but the decrease in assets and the drop in employees are worth noting. With no auditor mentioned, the financial statements are unaudited.

Overall, Addfield Ltd appears to be navigating a period of change, with a focus on its core incineration business. The company's long history and diverse range of services suggest a resilient operation, but the financial data indicates a need for careful management and a continued focus on efficiency.

Registered in England/Wales under the registration number 08866671, with a registered address at WS11 1JZ, United Kingdom, Cannock, Staffordshire, 178 Allport Street.

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