Ammotec Uk Ltd

Ammotec Uk Ltd from Cornwall, UK, is a small holding company with an active status, having been established 56 years ago in 1969. The company employs 16 people and holds assets worth £1,944,731. It has a real address, two directors, and one owner, and boasts a respectable Google rating of 4.0 based on three reviews. Regular importer of weapons and ammunition (50 months imported).

The company operates in the non-specialised wholesale trade industries. It's a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, and employees less than 50. While the company’s website is currently unavailable, the report details a history of importing weapons and ammunition, suggesting a focus on supplying the defence or security sectors.

Financially, Ammotec Uk Ltd has experienced some turbulence. Current assets have fallen by a significant 31%, dropping to £1,900,000. Debtor amounts have doubled to £1,400,000, potentially indicating issues with customer payments, or a strategic decision to extend credit. Creditors have also increased, reaching £1,800,000, which may be linked to the increased debt. Net assets have plummeted 77%, falling to £290,000. Cash reserves have also decreased, and bank borrowings have increased. The company's small size allows for agility, but the sharp decline in equity raises questions. The lack of an auditor (likely exempt as a small company) means the figures are unaudited.

The company’s financials suggest it's facing some challenges. The decrease in assets and the increase in debt could be attributed to various factors, such as changing market conditions or increased competition. The fact that the company is a holding company could mean it has other investments or subsidiaries that are not reflected in these figures. The recent acquisition by GMK Limited and the subsequent winding down of trading operations, as noted in the report, further complicate the picture.

Registered in England/Wales under the registration number 00946867, with a registered address at PL14 5BQ, Cornwall, Upton Cross, Liskeard.

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