Altech Engineering Limited

Altech Engineering Ltd, based in Haywards Heath, UK, is a small, active family business established 28 years ago. With 18 employees and £1,683,861 in assets, it operates from a virtual address—a detail worth noting as 44 companies share the same location. The company is led by four directors and owned by two individuals, and boasts a perfect 5.0 Google rating based on one review. It’s an irregular importer, having imported goods for just one month over the last several years, with the last import occurring in September 2016.

The company’s website, salesaltechengineering.co.uk, highlights its expertise in precision sheet engineering services. It offers a wide range of services, from CNC punching and machining to welding and finishing, catering to industries like aerospace, automotive, and medical devices. They even offer component assembly and modification, streamlining production processes for their clients. The website really emphasizes quality, flexibility, collaboration, and continuous improvement – key values for a small engineering firm.

Financially, Altech Engineering Ltd presents a mixed picture. While cash reserves increased by a significant 62% to £620,000, creditors also rose considerably, with non-financial instruments jumping 970% to £220,000. Trade debtors decreased by 17%, suggesting better management of customer payments. Net assets increased by 12% to £1,700,000, a positive sign, and bank borrowings decreased by 13%. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned likely reflects its status as a small company exempt from an audit.

Overall, Altech Engineering Ltd appears to be a stable, well-regarded engineering firm, although the increase in creditors warrants a closer look. The company’s focus on precision engineering and its commitment to customer service seem to be driving its success, and the family-run nature likely fosters a strong sense of loyalty and dedication.

Registered in England/Wales under the registration number 03323050, with a registered address at RH16 3PH, England, Haywards Heath, 5 Hazelgrove Road.

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