Ata Engineering Products Limited

Ata Engineering Products Ltd from Hoddesdon UK: a small, active company founded three years ago, employs four people, and holds £130,946 in assets. It operates from a virtual address, managed by two directors and two owners, and enjoys a perfect 5.0 Google rating based on three reviews. The company is a regular importer of basic metal tools and utensils, with 35 months of import activity recorded, the last in October 2024.

The company’s website, ATA Engineering, presents itself as a one-stop shop for tooling needs, specializing in router cutters, woodworking machinery, aerospace tooling, and more. It offers both an online cutter shop with over 1,700 products and agency representation for brands like Onsrud and Teng Tools. The site highlights a wide range of products, from pocket routers to lubrication systems and dustless solutions, catering to diverse industries like aerospace, automotive, and retail. Contacting ATA Engineering is straightforward, with a dedicated phone number and email address, and opening hours clearly displayed.

Financially, Ata Engineering Products Ltd presents a mixed picture. While fixed assets have increased substantially to £470,000, current assets have plummeted by 60% to £130,000. Cash reserves have also taken a hit, falling 90% to just £18,000. Bank borrowings have increased to £6,600, and creditors have risen significantly to £600,000. Equity has suffered a dramatic decline, with retained earnings and accumulated losses dropping to -£130. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s exempt from an audit, and the financial statements are unaudited. It’s clear that the company has been investing in fixed assets, but the sharp decline in current assets and cash raises questions about its short-term financial health. The large increase in creditors suggests a reliance on credit, which could be a risk if sales don’t improve.

Registered in England/Wales under the registration number 13662961, with a registered address at EN11 8UR, England, Hoddesdon, Hertfordshire, 1 Tower House, Tower Centre.

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