Ashvin Metals Ltd

Ashvin Metals Ltd, based in Poulton-Le-Fylde, UK, is a large, active company founded thirteen years ago. Employing twenty-eight people, it holds assets worth £16.5 million and generates an impressive £75.5 million in revenue annually. The company, with two directors and two owners, boasts a perfect 5.0 Google rating based on seven reviews, reflecting a strong reputation. It operates from a real address and is a regular importer of copper and copper products (64 months) and a regular exporter of aluminum and aluminum products (123 months).

Ashvin Metals specializes in non-ferrous metal trading and processing, serving as a UK leader in the field. It works with scrap yards, recycling centres, and vehicle breakers, buying metals and processing them for resale worldwide. The company also sells processed metals to production facilities, offering cuttings, baling, and palletising services to meet customer requirements. It’s a business with decades of experience, having grown from a family-owned metal trading business in Manchester. The company has expanded its operations, acquiring Commercial Engineering Metals and opening Ashvin Can Recycling, demonstrating a commitment to growth and productivity.

Financially, Ashvin Metals shows some concerning trends. While cash and bank balances increased by a respectable 31% to £3.7 million, net assets declined by 18% to £13 million. Borrowings surged by 90% to £1.1 million, and net losses increased by 18% to £2 million, suggesting a need to manage costs. Creditors decreased by 11%, which is a positive sign, and trade debtors increased by 13%. The company’s large size (meeting two of three criteria for a large company) and turnover of £76 million are impressive, but the decrease in net assets warrants closer attention. The company’s auditor is Xeinadin Audit Limited.

Despite these challenges, Ashvin Metals’ commitment to protecting the planet by recycling metal and its focus on long-term business partnerships suggest a resilient business model. The company’s vision is to serve suppliers of non-ferrous scrap metal across the UK and Ireland, paying the highest returns possible.

Registered in England/Wales under the registration number 07723962, with a registered address at FY6 8JE, England, Poulton-Le-Fylde, Lancashire, Kings Court Beacon Road, Poulton Industrial Estate.

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