Ags Limited

Ags Limited, based in Uxbridge, UK, is a small, active company founded 34 years ago in 1991. Employing 31 people and holding £715,356 in assets, it’s a well-established player in its sector. The company operates with a single director and, curiously, no listed owners – a common situation for smaller businesses. While importing paper and paperboard products irregularly (just two months of activity), Ags Limited is a regular exporter, shipping textiles, sets, used clothing, and rags overseas for four months.

The company’s website paints a picture of a specialist provider of laundry and launderette equipment. Ags Limited offers advice, supply, installation, and maintenance services, catering to both commercial and domestic clients. They stock Electrolux equipment, alongside Trevil finishing equipment and ATI water heaters, and offer a range of detergents and spares. The website highlights a focus on coin-operated equipment and water efficiency, showcasing a commitment to modern technology and sustainability.

Financially, Ags Limited’s recent performance reveals some concerning trends. Current assets have fallen by a significant 38%, dropping to £720,000, and net assets have decreased by 0.31% to -£1,600,000. Bank borrowings have decreased by 2%, reaching £420,000, and cash reserves have increased by 190% to £11,000. Creditors have decreased by 18%, suggesting improved debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decline in equity is a cause for concern. The company’s auditor is Peplows Limited.

The decrease in employee numbers from 31 to 25 is also notable, potentially reflecting cost-cutting measures or changes in operational strategy. While the company’s website suggests a thriving business, the financial data indicates a period of financial strain. Whether this is a temporary setback or a longer-term challenge remains to be seen, but Ags Limited’s future hinges on its ability to navigate these financial pressures and maintain its position in the competitive laundry equipment market.

Registered in England/Wales under the registration number 02599673, with a registered address at UB8 2DB, Uxbridge, Middlesex, Unit 1 Trade City Business Park, Cowley Mill Road.

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