Assentech Sales Ltd

Assentech Sales Ltd from St. Austell UK: a small, active company founded 16 years ago, employs 11 people, and holds £1,127,355 in assets. It’s a family business with two directors and two owners, operating from a real address. The company regularly imports machinery, boilers, and mechanical appliances—parts for 232 months—and exports optical and medical tools and devices for 18 months.

The company’s core business appears to be wholesale of machinery and equipment, with a focus on engineering, environmental consulting, and technical testing. It also seems to have a connection to Assentech Rapid Response and Service Ltd, suggesting a broader range of services. While the company’s website isn’s available, the business seems to be focused on B2B sales rather than direct-to-consumer e-commerce.

Financially, Assentech Sales Ltd shows a mixed picture. Current assets have increased significantly by 110%, reaching £1,100,000, while net assets have also increased by 89%, now standing at £300,000. However, bank borrowings have surged by 1200%, reaching £23,000, and cash reserves have fallen 30% to £470,000. Creditors have increased by 230%, reaching £33,000, and trade debtors have decreased by 20%, suggesting some challenges in collecting payments. 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 flexibility, but the increase in bank borrowings is something to keep an eye on. With no auditor mentioned, the figures are unaudited.

The company’s recent investments in land and buildings, which increased by 430%, suggest a focus on long-term growth—though the sharp rise in bank borrowings might indicate a reliance on external financing. It’s clear that Assentech Sales Ltd is navigating a period of change, balancing growth with financial stability.

Registered in England/Wales under the registration number 06746170, with a registered address at PL26 6LR, England, St. Austell, Mount Pleasant Farm, Gorran.

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