Asso Ltd

Asso Ltd from Huntingdon UK: small company, active status, founded 7 years ago, 5 employees, £632,350 assets, virtual address, 2 directors, 1 owner, solo founder. Irregular importer of furniture, lighting, and prefabricated buildings (2 months imported). Asso Ltd is a small, active company based in Huntingdon, UK, operating for seven years. It employs five people and holds £632,350 in assets. The company’s registered address is a virtual one, shared by sixty-eight other businesses, which is a little unusual. It’s run by two directors and a solo founder, Venturini Giovanni. The company imports furniture, lighting, and prefabricated buildings, though its import activity is irregular, with only two months of imports recorded in the last year.

Asso Ltd’s website, asso.subsea, reveals a completely different business focus. It’s a leading provider of offshore installation services, specializing in subsea cable laying, protection, and seabed preparation. The company operates a fleet of specialized vessels, including cable laying vessels Ariadne and Atalanti, and offers a range of equipment, such as trenching support vessels and deep-water trenchers. They work on projects worldwide, including the Lavrio-Serifos-Milos interconnection in Greece and the Egypt-Saudi Arabia KSA electricity interconnection. It seems the furniture import business is a smaller, perhaps secondary, operation compared to their core offshore engineering work.

Financially, Asso Ltd’s picture is a bit mixed. While current assets remained relatively stable at £630,000, net current liabilities increased significantly by 30%, reaching -£590,000. Bank borrowings surged, and cash reserves fell, suggesting the company is burning through cash. Creditors also increased, indicating a reliance on short-term financing. The company’s small size (meeting two of three conditions for being small) helps it remain agile, but the decline in equity raises concerns. The unaudited financial statements, as is common for small companies, rely on director-reported data. It's also worth noting that the deferred tax asset debtors increased by 32%, which could indicate a complex tax situation.

Registered in England/Wales under the registration number 10797090, with a registered address at PE29 6XG, England, Huntingdon, Cambridgeshire, Brunel House, 1 Archers Court.

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