Allenwest Limited

Allenwest Limited, based in Prestwick, UK, is a large holding company with an active status, established 26 years ago. Employing 39 people, the company holds assets worth £7,635,914. With four directors and one owner, Allenwest boasts a respectable Google rating of 4.0 based on five reviews. It’s a regular importer and exporter of electrical machinery and equipment, with 140 months of import activity and 225 months of export activity.

The company specialises in the design, manufacture of Industrial Switchgear, ATEXEx flameproof Switchgear, transformers and controlpanels to industries worldwide. Allenwest’s product range includes power distribution centres, load centres, bespoke gate end boxes, MCCs, LV MV Distribution boards, transformers, signalling, communication systems, gas sensors, and lighting solutions. They cater to sectors like mining, tunnelling, energy, industrial, petrochemical, and heavy materials handling, offering bespoke solutions and services like onsite installation, training, and maintenance.

Financially, Allenwest shows some concerning trends. Accrued liabilities and deferred income have increased significantly, jumping 820% to £2,800,000. This could indicate increased short-term obligations. However, the company’s net assets remained stable at £4,200,000. Bank borrowings have also increased substantially, rising 110% to £410,000. Cash reserves, however, have decreased by 62%, falling to £64,000. While the company’s turnover increased by 16% to £4,700,000, net losses deepened to -£57,000. Creditors also increased by 58% to £1,100,000. The company’s small size (meeting two of three criteria for turnover under £36 million, assets under £18 million, and fewer than 250 employees) helps it stay agile, but the increased liabilities and losses are something to watch. The financial statements were audited by Moore Kingston Smith LLP. It's possible that the company is investing heavily in growth, but the financial data suggests it's burning through cash at an increasing rate.

Registered in Scotland under the registration number SC193267, with a registered address at KA9 2RQ, Scotland, Prestwick, Ayrshire, 20 Monument Crescent, Shawfarm Industrial Estate.

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