Aspect Contracts Limited

Aspect Contracts Ltd, based in Basildon, UK, is a sizable company with an active status, having been founded 17 years ago. Employing 152 people, the company holds assets worth £19,539,239 and generates a yearly revenue of £13,523,177. It operates from a real address and is overseen by eight directors and one owner. The company regularly imports optical and medical tools and devices, with the last import operation occurring six months ago.

Primarily, Aspect Contracts Ltd functions as a provider of asbestos abatement services. Its website details a range of services, including asbestos surveys, waste collection, and transfer services. The company’s history dates back to 1986, starting as a family-run business and evolving into a recognized leader in the UK asbestos industry. It caters to both private clients and large-scale contracts, boasting a national workforce and regional offices in East Kilbride, Leeds, and Basildon. The company emphasizes its commitment to health and safety, holding ISO certifications and providing training to its employees.

Financial data indicates a mixed picture. While current assets increased by 6.8% to £20 million, net assets only increased by 1.6% to £8.8 million. Bank borrowings increased by 21%, reaching £1.6 million, while cash reserves decreased by 55% to £54,000. Creditors also increased by 11%, reaching £11 million. The company's turnover decreased by 5.4% to £14 million. The lack of an auditor is likely due to the company’s exemption as a small company.

The increase in bank borrowings and decrease in cash reserves suggest that Aspect Contracts Ltd may be facing cash flow challenges, despite a steady revenue stream. The increase in creditors could be a result of increased business activity, but it’s worth monitoring to ensure the company maintains healthy payment terms. The company’s size (meeting two of three criteria for a large company) and its established presence in a specialized industry, like asbestos abatement, are positive factors, but the financial trends warrant close attention.

Registered in England/Wales under the registration number 06459279, with a registered address at SS14 3DS, Basildon, Essex, Aspect House, Honywood Road.

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