Adept Grp Ltd

Adept Grp Ltd, based in Ammanford, UK, is a small, active company established 21 years ago. With eleven employees and £650,401 in assets, it operates from a real address and is overseen by three directors and two owners. The company runs an e-commerce site and enjoys a stellar 5.0 Google rating based on three reviews. It’s an irregular importer, primarily dealing with miscellaneous metal items, with its last import operation occurring one month ago in December 2020.

The company specializes in the design, manufacture, and supply of Glass Reinforced Plastic (GRP) enclosures, kiosks, and cabinets. Its website showcases a range of standard and bespoke GRP products, including cabinets, enclosures, and steel kiosks, catering to various industrial and commercial needs. The site highlights quality, durability, and customisation options, with a focus on serving diverse sectors. It even has a blog with articles about feeder pillars and GRP maintenance.

Financially, Adept Grp Ltd’s recent report paints a mixed picture. While cash reserves decreased by 19% to £330,000, trade creditors significantly dropped by 72% to £74,000, indicating improved debt management. However, net assets plummeted 23% to £420,000, and bank borrowings remained steady at £27,000. The number of employees has fallen dramatically, from eleven to just two, which could be a result of restructuring or changing business needs. The company’s small size—meeting two of three criteria for being considered small—allows it to remain flexible, but the decrease in net assets is a cause for concern. As a small company, it’s exempt from an audit, so the figures are unaudited.

The company’s reliance on a small workforce and irregular import activity suggests a business that may be navigating challenges. However, its strong online presence and focus on customisation could position it for future growth, though it's important to note that the decrease in assets is a significant factor to consider.

Registered in England/Wales under the registration number 05105593, with a registered address at SA18 2PP, Ammanford, Brynheulwen, Argoed Road.

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