Ates International Limited

Ates International Limited is a small, active company based in Grays, UK, established three years ago in 2021. With a real address and just one director and owner, Ates Halil, the company employs a single person and holds £52,368 in assets. It operates as an irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings, with recent import activity recorded two months ago. The company’s activities fall within the retail sale in non-specialised stores with food, beverages or tobacco predominating industries.

The company’s website, Ates Group International Construction Company, reveals a much larger operation. It’s a global construction company with over 25 years of experience, operating across three continents – America, Africa, and Europe. They specialize in financing Government Development Projects on BOT, BT models, and directly engage in construction, engineering, management, and financing of infrastructural development. The group partners with a consortium of construction companies worldwide, including ala Group, cagla group, LaMar Yapi A.S., and eKose. Their projects range from resorts and hospitals to bridges and shopping malls, showcasing a diverse portfolio of large-scale construction and development work.

Financially, Ates International Limited presents a mixed picture. While current assets increased by 250% to £52,000, net assets declined by 110% to just £37, with a significant drop in retained earnings. Bank borrowings surged by 220%, reaching £30,000, and net current liabilities ballooned to -£35,000. Trade creditors also increased significantly, rising 450% to £87,000. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the equity decline and increased liabilities suggest financial pressures. The company is exempt from an audit and the accounts are filleted, relying on unaudited director-reported data.

It's clear that Ates International Limited serves as a smaller, potentially import-focused arm of the larger Ates Group, supporting its broader construction and development activities. Whether the import business is thriving or struggling to keep pace with the group’s larger projects remains to be seen—but the financial numbers indicate a company facing some challenges.

Registered in England/Wales under the registration number 13485859, with a registered address at RM17 5YB, England, Grays, 70 London Road.

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