Advance Spares Limited

Advance Spares Ltd, based in Wrexham, UK, is a small, active company established 39 years ago. With nine employees and £4,764,737 in assets, it operates from a real address and is overseen by three directors and one owner. The company regularly imports iron or steel products (160 months) and exports copper and copper products (174 months), indicating a focus on industrial components.

The company's website reveals a specialized business: manufacturing and supplying spare parts for Applied Materials ion implanters, particularly the PI9500xR and xR200S series. It focuses on electromechanical assemblies and electronic PCB remanufacture, offering 3D CAD designed and CNC machined parts, complete assemblies, sensors, and PCBs. Advance Spares also provides reverse engineering and refurbishment services, collaborating with customers to reduce obsolescence. The website highlights a commitment to quality and cost-effectiveness, targeting a niche market within the semiconductor equipment industry.

Financially, Advance Spares Ltd presents a mixed picture. Cash reserves increased by a healthy 25% to £1,800,000, but trade debtors saw a significant drop of 22%, falling to £1,100,000—suggesting potential issues with customer payments. Creditors also decreased by 14%, to £290,000, which could indicate improved debt management. The company’s size (meeting two of three criteria for a small company) allows for flexibility, but the drop in debtors is something to keep an eye on. Property plant and equipment also increased by 10%, to £550,000, suggesting investment in its manufacturing capabilities. The company is exempt from an audit, so the figures are unaudited. Overall, Advance Spares Ltd appears to be a stable, albeit small, operation, but the decrease in debtors warrants further investigation.

Registered in England/Wales under the registration number 02013999, with a registered address at LL14 6HA, Wrexham, Clwyd, Unit 21 Vauxhall Industrial Estate, Ruabon.

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