Aip Welding Supplies Limited

Aip Welding Supplies Ltd from Bridgwater, UK, is a small, active company founded nine years ago in 2015. Employing just three people, it holds £258,968 in assets and maintains a real address on Colley Lane Industrial Estate. Hunt Kim Barrie is both the director and owner, and the company enjoys a stellar 5.0 Google rating based on 16 reviews. It’s an irregular importer, primarily dealing in optical and medical tools and devices, with recent import activity recorded just two months ago in July 2024.

The company’s website showcases a comprehensive range of welding supplies, from air equipment and robotic welding solutions to abrasives, industrial workshop equipment, and personal protective equipment. It also offers training services, BOC CP7 inspections, and even a digital stock management system. A notable feature is the inclusion of Klarna financing options, and the site actively promotes its latest promotions and new products. Aip Welding Supplies also boasts a partnership with Bohler, offering a range of robotic equipment.

Financially, Aip Welding Supplies Ltd presents a mixed picture. While current assets increased by 36% to £260,000, net assets have significantly decreased by 95% to just £1,700. Bank borrowings have surged by 2,500%, reaching £25,000, and cash reserves have fallen by 14% to £24,000. Creditors have also increased by 45%, reaching £290,000, and trade debtors have risen by 32%. The company’s small size (meeting two of three criteria for a small company) helps it remain flexible, but the dramatic drop in equity is concerning. No auditor is mentioned, which is likely due to its status as a small company.

The surge in borrowings and the decline in equity suggest Aip Welding Supplies Ltd may be facing cash flow challenges, perhaps linked to increased inventory or delayed customer payments. However, its strong Google rating and wide-ranging product offerings indicate a loyal customer base and a solid foundation for future growth, although the company’s financial health will need close monitoring.

Registered in England/Wales under the registration number 09791680, with a registered address at TA6 5LN, England, Bridgwater, 39a Axe Road, Colley Lane Industrial Estate.

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