Allasso Recycling Limited

Allasso Recycling Ltd from Swindon UK: a small company with an active status, was founded twelve years ago in 2013. It employs five people and holds assets of £605,999, operating from a virtual address. Six directors and three owners manage the business, which is an irregular importer of machinery, boilers, and mechanical appliances—parts, with just one month of imports recorded as of February 2023.

The company’s website showcases a focus on recycling and reusing materials in the construction industry. Allasso Recycling specializes in materials like Hydraulically Bound Materials (HBMs), asphalt, and concrete, aiming to reduce waste and costs for clients. They offer services like soil stabilization, mobile solutions, and deep recycling, alongside consultancy and site investigation. The website highlights the company's innovative ideas and long-term client relationships, emphasizing sustainability and cost reduction.

Financially, Allasso Recycling Ltd presents a mixed picture. Current assets have increased by 50% to £610,000, which is good news. However, net assets have jumped by 100% to £93,000, and bank borrowings have increased by 11% to £60,000. Creditors have also risen significantly by 80% to £420,000. Cash reserves have decreased by 53% to £90,000. The company’s small size—meeting two of three conditions for being classified as small—allows for agility, but the rise in creditors suggests a need to manage debt carefully. As a small company, it is exempt from an audit, so the figures are unaudited.

The company’s financial health is somewhat concerning, but it’s possible this is a temporary situation related to growth and investment in new equipment. The increased borrowings and rising creditors, however, warrant close monitoring.

Registered in England/Wales under the registration number 08375924, with a registered address at SN1 4BG, Swindon, Wiltshire, 29 Devizes Road.

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