Adm Pressings Limited

Adm Pressings Limited, based in Newcastle Upon Tyne, UK, is a sizable company with an active status, having been incorporated sixteen years ago in December 2008. The firm employs 288 people and holds assets totaling £8,658,829. It operates from a real address and is led by one director and one owner, maintaining a respectable Google rating of 4.0 based on 18 reviews.

The company specializes in forging, pressing, stamping, and roll-forming of metal, powder metallurgy, and the manufacture of metal structures. It’s a regular importer, primarily bringing in vehicles, parts, and accessories—a trend observed over the past eight months, with the latest import occurring in August 2024. Additionally, Adm Pressings is a regular exporter, with machinery, boilers, and mechanical appliances being its top export category, spanning forty-three months, with the last export operation in October 2023.

Financially, Adm Pressings Limited shows a mixed picture. Current assets have experienced a significant decline, dropping 31% to £8,700,000. Bank borrowings have also decreased by 100%, reaching zero, and cash bank on hand has surged by an impressive 11000%, reaching £130,000. However, net assets have fallen by 48%, dropping to £2,100,000, and net loss has deepened to -£2,000,000. Creditors have also decreased by 30%, suggesting better debt management. The company’s size (meeting two of three criteria for a large company) allows for some flexibility, but the substantial equity drop raises concerns. The company’s auditor is Azets Audit Services, and the report was signed by Claire Hinshaw ACCA.

These trends could be attributed to various factors, such as fluctuating demand in the metalworking industry, increased raw material costs, or perhaps a strategic shift in operations. It’s also possible that the company is investing heavily in new equipment or expanding its facilities, which could temporarily impact its profitability. The company’s reliance on exports, particularly to a single category of machinery, also makes it vulnerable to changes in global trade patterns.

Registered in England/Wales under the registration number 06775062, with a registered address at NE15 6BZ, England, Newcastle Upon Tyne, Adm Pressings Limited, Scotswood Road.

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