Ashworth Europe Limited

Ashworth Europe Ltd, based in Dudley, UK, is a holding company with an active status, established 31 years ago. Employing 20 people and holding assets of £4,058,991, the company operates from a real address shared by five other businesses. It’s managed by two directors and one owner, though the owner list may not be exhaustive. Ashworth Europe Ltd regularly imports and exports machinery, boilers, and mechanical appliances, with a history of 210 months of imports and 59 months of exports.

The company’s website showcases its role as a global conveyor belt manufacturer, inventing, manufacturing, and supporting a wide range of belting solutions for food processing, industrial, transportation, and technology sectors. It offers metal and plastic belts, including specialized options like spiral and weld belts, and provides systems like the SmartSpiral monitoring system. The website also highlights factory service support and encourages customers to request audits and catalogs.

Financially, Ashworth Europe Ltd’s performance presents a mixed picture. While current assets increased by 16% to £4,100,000, net assets remained unchanged at -£2,900,000. Bank borrowings increased by 170% to £7,200, and cash reserves decreased by 9% to £360,000. Trade debtors rose by 33% to £2,400,000, and creditors decreased by 6% to £2,300,000. The company’s net losses improved significantly, decreasing by 370% to £73,000. The lack of an auditor mentioned suggests the company is exempt as a small company.

The company's increased trade debtors may indicate an expansion of credit terms or delays in customer payments. Despite the improvements in profitability, the negative equity suggests the company is still burning through money, and the lack of an auditor means these figures are unaudited.

Registered in England/Wales under the registration number 02918177, with a registered address at DY2 9RE, England, Dudley, West Midlands, Unit 1 The Washington Centre, Halesowen Road.

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