Asl Grp Limited

ASL GRP Ltd, based in Ventnor, UK, is a small, active company established thirteen years ago in 2012. It employs four people and holds £190,198 in assets, operating from a real registered address. With two directors and one owner, the company regularly imports man-made filaments and related materials (four months of activity) and exports various textile products, sets, used clothing, and rags (six months of activity). The company’s website showcases its expertise in blast and ballistic protection, specializing in bespoke systems for vehicles, vessels, and compound protection, ranging from BR2 to NIJ IV protection levels. It’s a subsidiary of ASL Protective India Private Ltd.

The company's core business revolves around manufacturing blast and ballistic protection systems, including blast containers, suppression blankets, and flexible anti-cut armour. It caters to a range of sectors, including marine, vehicle, and architectural protection. The website highlights a focus on custom solutions and high-quality materials, emphasizing its ability to meet specific client needs. There’s a newsletter subscription form on the site, suggesting a desire to engage with potential customers.

Financially, ASL GRP Ltd has experienced a significant downturn. Current assets have plummeted by 64%, dropping to £190,000, while net assets have fallen dramatically to -£66,000. Operating profit loss has deepened to -£130,000, and total assets less current liabilities have shrunk by 66% to £160,000. Trade debtors have also seen a sharp decrease, and cash reserves are down. 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 substantial losses and equity decline raise concerns. The accounts are abridged and unaudited, and no auditor is mentioned.

In conclusion, ASL GRP Ltd appears to be facing financial headwinds despite its specialized product offering and active import/export activities. The significant losses and declining assets suggest a need for careful management and a focus on profitability. It's possible the company is reinvesting heavily in its business, but the current financial picture paints a concerning trend.

Registered in England/Wales under the registration number 07912713, with a registered address at PO38 3NL, England, Ventnor, Leigh House Main Road, Rookley.

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