Astek Innovations Limited

Astek Innovations Ltd from Altrincham, UK, is a small holding company with an active status, having been founded 21 years ago. Employing 11 people, the company holds assets valued at £7,572,794. It has a real address, is overseen by five directors, and is owned by one individual, boasting a stellar Google rating of 5.0 based on one review. Astek Innovations regularly imports and exports optical and medical tools and devices, with 66 months of import activity and 171 months of export activity.

The company’s website showcases a range of high-performance products for dentists and their patients, including disposable matrix systems, safety syringes, and dental consumables. It also highlights products from Young Innovations Inc., indicating a partnership or distribution agreement. A key element is the company’s membership in the British Dental Industry Association, demonstrating a commitment to combating counterfeit instruments. As of July 2023, products previously sourced from Astek Innovations Ltd are now being purchased and dispatched from Young Microbrush Ireland Ltd, suggesting a shift in operations and access to a broader range of Young Innovations products, including American Eagle Instruments. The website emphasizes excellent customer service and encourages contact for any questions.

Financially, Astek Innovations Ltd presents a mixed picture. While current assets increased slightly to £7.4 million, net assets decreased by 16% to £6.8 million. Bank borrowings surged by 38% to £1.2 million, and cash reserves declined by 64% to £140,000. Creditors decreased by 40% to £140,000, suggesting improved debt management. The company’s small size—meeting two of three criteria for turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees—helps it remain agile. The decrease in average employees reported, from 11 to 7, is noticeable, but the company’s owner list was changed two months ago, a good sign. With no auditor mentioned, the figures rely on unaudited statements.

In conclusion, Astek Innovations Ltd appears to be navigating a period of transition, likely influenced by the operational shift to Young Microbrush Ireland Ltd. While the company’s financial health isn’t alarming, the decrease in cash reserves and employee numbers warrants attention.

Registered in England/Wales under the registration number 05097602, with a registered address at WA14 5DH, England, Altrincham, Cheshire, Astek House Atlantic Street, Broadheath.

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