Aico

Aico, a prominent player in the home safety market, is a large, active company based in Oswestry, UK. Established 34 years ago in 1990, Aico employs 69 people and boasts substantial assets of £72,186,214. The company generated a revenue of £173,012,661 in the last reported year, demonstrating a strong financial performance. With six directors and one owner, Aico operates from a real address and maintains a Google rating of 4.0 based on 16 reviews. It’s a regular importer of electrical machinery and equipment, with import activity spanning nine months, the last operation occurring in January 2025.

Aico’s core business revolves around the design, manufacture, and supply of home safety products, including smoke alarms, carbon monoxide alarms, and heat detectors. The company’s website highlights its commitment to innovation, offering solutions like HomeLINK, a connected home system that allows users to monitor and manage their home safety devices remotely. Aico also provides training and support services for installers and social landlords, underscoring its dedication to industry best practices. It’s clear Aico is targeting both professionals and homeowners, offering a range of products and services to meet diverse needs.

Financially, Aico shows a picture of continued growth, though with some interesting shifts. Current assets increased by 14% to £72,000,000, and turnover grew by 19% to £170,000,000. However, net assets decreased by 17% to £58,000,000, and bank borrowings increased by 15% to £28,000,000. Creditors also rose by 14% to £34,000,000. The company’s significant growth in revenue suggests strong demand for its products, but the decrease in net assets could be due to increased investment in research and development or expansion into new markets. The increase in bank borrowings may indicate a need for additional financing to support these initiatives. With no auditor mentioned, the financial statements are unaudited. Overall, Aico appears to be a financially healthy company with a strong market position, but it’s important to monitor its net assets and bank borrowings to ensure sustainable growth.

Registered in England/Wales under the registration number 02544399, with a registered address at SY10 8NR, England, Oswestry, Shropshire, . Maesbury Road.

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