Afs Technologies Services Limited

Afs Technologies Services Ltd from Aberdeen, UK, is a small, active company founded seven years ago in 2018. Employing ten people and boasting a real address, it’s a privately held business with four directors and no reported owners. It holds a stellar 5.0 Google rating based on six reviews. The company is an irregular importer, primarily dealing in machinery, boilers, and mechanical appliances, with its last import activity recorded one month ago.

The company operates in the support activities for petroleum and natural gas extraction, and other professional, scientific and technical activities. Its website showcases a range of services, including consultancy, inspection, installation, and integrity services, catering to the process industry. It also acts as a distributor and agent for multiple manufacturers, offering plant equipment, SBT fittings, and much more. A partnership with Cortech and a focus on small bore tubing and mechanical joint integrity are key differentiators. The site also includes a blog and details on training initiatives.

Financially, Afs Technologies Services Ltd presents a mixed picture. Accumulated amortisation impairment for intangible assets remained steady, but depreciation for property and plant equipment increased by 35%. Bank borrowings decreased by 41%, and cash reserves plummeted 84% to just £240. Creditors increased significantly by 26%, and trade debtors fell by 44%. Net assets are down 18% to -£280,000. The company meets the criteria for a small business, with turnover less than £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. No auditor is mentioned, so the accounts are unaudited.

Despite the decline in cash reserves, the company's strong Google rating and focus on specialized services suggest a loyal customer base. The decrease in debt, however, may indicate a conscious effort to manage finances, and the lack of owner reporting could be a consequence of the small size of the business.

Registered in Scotland under the registration number SC588535, with a registered address at AB21 0GL, Scotland, Aberdeen, Afs Technologies Howe Moss Drive, Kirkihill Industrial Estate, Dyce.

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