Antares Defence Systems Ltd

Antares Defence Systems Ltd, based in Ross-On-Wye, UK, is a small, active company founded fifteen years ago. With eighteen employees and £5,093,558 in assets, it operates from a real address and is managed by two directors and two owners. The company regularly imports and exports electrical machinery and equipment, with eighteen months of import activity and eleven months of export activity recorded.

The company’s core business appears to be the manufacture of other electrical equipment. While a website isn’s available to analyse, it’s likely that Antares Defence Systems Ltd operates primarily as a business-to-business supplier, providing components or finished goods to larger manufacturers.

Financially, Antares Defence Systems Ltd presents a mixed picture. While net assets increased by 18% to £3,500,000, current assets decreased by 37% to £5,100,000. Bank borrowings surged by 2,400%, reaching £29,000, and cash reserves fell 30% to £28,000. Creditors decreased by 18%, 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) helps it stay agile, but the sharp equity drop raises questions. The company is exempt from audit, so the figures are unaudited.

The increase in bank borrowings, coupled with the decrease in cash reserves, suggests that Antares Defence Systems Ltd may be investing in growth or facing increased operating expenses. It's possible that the company is experiencing some short-term financial pressures, but its long-term prospects depend on its ability to maintain its customer base and manage its costs effectively.

Registered in England/Wales under the registration number 07171625, with a registered address at HR9 5NB, United Kingdom, Ross-On-Wye, Unit 5 Alton Road Industrial Estate, Alton Road.

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