Anti-friction Components Limited

Anti-Friction Components Limited, based in Abergavenny, UK, is a large, active company established 48 years ago. With 125 employees and £11,568,219 in assets, it's a significant player, generating £25,916,164 in yearly revenue. The company operates as a holding company, with six directors and two owners, and has a real address at 32 Monk Street. It regularly imports and exports machinery, boilers, and mechanical appliances; parts.

The company, founded on August 27, 1976, specializes in providing braking systems and components for various industries, including oil & marine, CNC precision engineering, wind energy, paper, and steel. It boasts two fully equipped bases in Glasgow and Burnley, ensuring quality control and responsiveness. The website highlights expertise in friction materials, innovative solutions, and comprehensive services, including design, manufacturing, installation, and maintenance. A key aspect is the company's involvement with Wichita Clutch, offering a range of products and services, including onsite installation and repair.

Financially, Anti-Friction Components Limited shows a mixed picture. While cash and cash equivalents increased by a substantial 150% to £540,000, net assets still decreased by 18% to £5.2 million. Bank borrowings decreased by 20% to £800,000, and accrued liabilities dropped by 24% to £770,000. Turnover increased by 8% to £26 million. However, the company’s losses deepened, and trade debtors increased by 1.7%. The company’s small size (meeting two of three criteria for turnover under £36 million, assets under £18 million, and fewer than 250 employees) helps it stay agile, but the equity drop raises questions. The accounts are audited by Bishop Fleming LLP, and the senior statutory auditor is Chris Trantham FCA. Overall, the company is doing alright, but it could use some more cash.

Registered in England/Wales under the registration number 01275175, with a registered address at NP7 5NW, Abergavenny, Monmouthshire, 32 Monk Street.

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