Asco Engineering Limited

Asco Engineering Ltd from Skelmersdale UK is a large, active company founded fifteen years ago in 2009. Employing forty-nine people, the business boasts assets of £5,729,478 and a yearly revenue of £7,948,866. The company, with a perfect 5.0 Google rating from seven reviews, operates from a real address and is overseen by three directors and two owners. It’s a regular importer and exporter of machinery, boilers, and mechanical appliances, parts, with nineteen months of import activity and ninety-three months of export activity recorded.

Experts in surface coating and precision machining, Asco Engineering provides services across a range of industries, including oil and gas, power generation, aerospace, and defence. The company’s website highlights its capabilities in thermal spray coating, laser cladding, and CNC precision machining, catering to both UK and Dubai-based clients. It's a one-stop shop for industrial component performance.

Financially, Asco Engineering shows a mixed picture. Current assets increased by 39%, reaching £5,700,000, while net assets jumped 23%, hitting £7,800,000. Bank borrowings have disappeared entirely, a positive sign, and cash reserves have surged 64%, climbing to £2,400,000. However, administrative expenses have increased by 12%, reaching £2,300,000, and turnover revenue has grown by 30%, reaching £7,900,000. The company’s directors remuneration has stayed the same. The company’s auditors are Haines Watts.

The company’s growth in revenue is encouraging, suggesting strong demand for its services. The reduction in bank borrowings is also a positive development, indicating improved financial management. However, the increase in administrative expenses warrants further investigation to ensure that costs are being controlled effectively. The company’s size, meeting two of three criteria for a large company, means it’s subject to more rigorous reporting requirements.

Registered in England/Wales under the registration number 07074474, with a registered address at WN8 9JP, England, Skelmersdale, Lancashire, Greenhey House, Glebe Road.

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