Allspeeds Limited

Allspeeds Ltd from Blackburn UK: a small holding company with an active status, was founded 22 years ago. Employing 31 people, the company holds assets worth £3,680,423, but operates from a virtual address – forty nine other companies are registered there too. With three directors and one owner, it maintains a perfect 5.0 Google rating based on two reviews. The company regularly imports machinery, boilers, and mechanical appliances; parts (39 months), and exports the same (434 months).

The company’s website showcases a specialized business: the manufacture and supply of hydraulic ROV cutters and systems, alongside Tangye lifting jacks, hydrostatic test pumps, and other industrial equipment. It caters to demanding sectors like Oil & Gas, Subsea, Maritime, and Nuclear Decommissioning, with a focus on high-performance, mission-critical applications. The website highlights its engineering excellence and world-class design, offering a range of products and services, including cable recovery packages and emergency disconnection tools. It also features a news section with updates on sales team strengthening and cable recovery initiatives, and encourages visitors to sign up for a newsletter.

Financially, Allspeeds Ltd shows a mixed picture. Current assets have increased by 43%, reaching £3.7 million, while net assets have surged by 53%, now standing at £3.3 million. However, bank borrowings have decreased by 15%, falling to £280,000, and cash reserves have dramatically increased by 280%, reaching £1.6 million. Creditors have also decreased slightly, suggesting better 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 agility. The increase in cash reserves is a positive sign, but the significant rise in trade debtors – ballooning by 25% – suggests potential issues with customer payments. With no auditor mentioned, the financial statements rely on unaudited data.

Overall, Allspeeds Ltd appears to be a financially stable company, benefiting from increased assets and a healthy cash position. However, the rise in trade debtors warrants monitoring. The company’s focus on specialized equipment and its strong online presence position it well for continued success in its niche markets.

Registered in England/Wales under the registration number 04639403, with a registered address at BB1 5QB, United Kingdom, Blackburn, Lancashire, C/O Pm+M New Century House, Greenbank Technology Park, Challenge Way.

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