Aquavitrum Ltd

Aquavitrum Ltd, based in Eastleigh, UK, is a small, active company founded twelve years ago. With seven employees and £152,226 in assets, it’s a modest operation led by one director and owner, boasting a perfect 5.0 Google rating from a single review. The company regularly imports machinery, boilers, and mechanical appliances, with its last import activity recorded nine months ago.

The company's website reveals a focus on sustainable solutions for businesses, specializing in glass recycling. Aquavitrum operates a processing site in Eastleigh, recovering glass from highly contaminated feedstock—known as MRF Glass—to produce glass aggregate and sand. This process, utilizing patented technology, saves businesses money, reduces waste, and helps the planet. The company’s website highlights its ability to clean heavily contaminated glass, supplying it into the aggregate and insulation markets. It’s also interested in partnering with industries to improve process performance.

Financially, Aquavitrum Ltd shows some concerning trends. Current assets have plummeted by 70%, dropping to £150,000, while net assets have decreased by 36%, reaching -£6.1 million. Bank borrowings have increased significantly, and cash reserves have fallen by 25%, to £85,000. Trade creditors have risen by 10%, to £9.2 million. Despite these challenges, the company's small size (meeting two of three conditions for a small company) allows for agility. The lack of an auditor mentioned suggests the company is exempt from an audit, relying on unaudited statements. The substantial increase in creditors, however, warrants closer examination. It’s possible the company is investing heavily in its recycling technology, but the sharp decline in equity is a point of concern.

Registered in England/Wales under the registration number 08313370, with a registered address at SO50 6JQ, United Kingdom, Eastleigh, Plot 6 Riverside Industrial Park, Coneger Road, Off Chickenhall Lane.

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