Althon Limited

Althon Limited is a large company, holding company, and active entity founded 43 years ago in 1981. Based in Norwich, UK, it employs seven people and holds assets valued at £9,555,637. With a yearly revenue of £16,617,057, the company operates from a real address and is overseen by five directors and one owner. Althon is a regular importer and exporter, specializing in machinery, boilers, and mechanical appliances, with 38 months of import activity and 31 months of export activity.

The company's website reveals a core business: the manufacture and sale of precast concrete headwalls. Althon designs and produces these headwalls to meet Sewers for Adoption and Severn Trent Guidelines, offering a range of accessories like flap valves, penstocks, and trash screens. Beyond headwalls, Althon also manufactures drainage channels and offers flood prevention products. The website also highlights a range of precast concrete penstock chambers and inspection chambers. It's a comprehensive offering for water management and civil engineering projects.

Financially, Althon Limited presents a mixed picture. While current assets increased by 14%, reaching £9,600,000, net assets jumped a significant 42%, settling at £5,900,000. However, cash bank on hand decreased by 23%, falling to £3,400,000. Bank borrowings increased substantially, rising by 2,400% to £2,300,000, and staff costs increased by 31%, reaching £500,000. The company’s turnover decreased by 11%, dropping to £17,000,000. The company meets two of three criteria to be considered a large company: turnover more than £36 million, balance sheet total more than £18 million, and average number of employees more than 250. The lack of an auditor mentioned suggests the company is exempt.

Overall, Althon Limited seems to be navigating a period of change. The increase in bank borrowings and decrease in cash reserves suggest a possible investment phase or increased operational expenses, while the growth in assets and turnover indicates ongoing business activity.

Registered in England/Wales under the registration number 01579423, with a registered address at NR6 6AF, Vulcan Road South, Norwich.

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