Ashvale Engineering Ltd

Ashvale Engineering Ltd, located at 46 Belfast Road in Downpatrick, UK, is a small, active company established 18 years ago. With six employees and £374,202 in assets, it operates as an irregular importer, with its last import activity dating back to November 2020. The company is led by three directors and owned by Patterson Hugh John William Mervyn.

Ashvale Engineering Ltd primarily engages in the manufacture of engines and turbines, catering to the industrial sector. Its website showcases a broader range of services, including demolition, civil engineering, and reinforced concrete works. The company emphasizes its commitment to smart engineering solutions, building trust, and providing reliable services. It also highlights its proven track record, with a significant portion of its workload stemming from repeat business.

Financially, Ashvale Engineering Ltd presents a mixed picture. While current assets increased slightly to £370,000, net assets decreased by 12% to £1,190,000. Bank borrowings rose substantially by 97% to £65,000, and cash reserves vanished completely. Trade debtors increased by 22% to £290,000, while creditors decreased by 16% to £410,000. The company’s small size—meeting two of three conditions for classification—allows for agility, but the decrease in equity and the rise in debt suggest potential financial pressures. With no auditor mentioned, the financial statements are unaudited.

The company’s workforce has also shrunk, with the average number of employees decreasing by 33% to just four. This could be a consequence of the company’s irregular import activity or a strategic move to streamline operations. Overall, Ashvale Engineering Ltd appears to be navigating a period of change, balancing its established engineering services with the challenges of a fluctuating market.

Registered in Northern Ireland under the registration number NI063855, with a registered address at BT30 9UP, 46 Belfast Road, Downpatrick, 19 Enterprise Avenue, Down Business Park.

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