Ashdale Engineering And Lifting Services Limited

Ashdale Engineering And Lifting Services Limited, based in Milford Haven, UK, is a small, active company established 28 years ago. Employing 28 people and holding £2,136,592 in assets, it operates from a real address and is overseen by five directors and a single owner. The company boasts a stellar 5.0 Google rating from one review, reflecting its reputation for quality service. It’s a regular importer of machinery, boilers, and mechanical appliances, with 11 months of import activity recorded, the latest in July 2024.

The company's website details a range of engineering services, including precision machining, fabrication, and general engineering solutions for local industries. It emphasizes quality management and safety, having transitioned its ISO certification to ISO90012015. Ashdale Engineering also provides bearing supplies, pump and valve overhaul services, machining services, and lifting equipment, catering to sectors like petrochemical, LNG, utilities, and new energy. The website even highlights its CPR compliance for steelwork execution.

Financially, Ashdale Engineering presents a mixed picture. While cash reserves have increased significantly by 42% to £1.4 million, current assets have remained stable at £2.1 million. However, trade debtors have fallen sharply by 49% to £570,000, which could indicate a change in payment terms or potential collection issues. Net assets have increased slightly by 3.4% to £3.1 million, and bank borrowings have increased, which could be a sign of investment or working capital needs. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the decrease in debtors warrants closer attention. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Ashdale Engineering appears to be a stable, well-regarded business, but the decrease in debtors should be monitored. The company’s diverse range of services and strong focus on quality position it well for continued success, but the financial data suggests a need for careful management of working capital.

Registered in England/Wales under the registration number 03286443, with a registered address at SA73 1PE, Wales, Milford Haven, Pembrokeshire, Bean Hill, Burton.

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