Auger Torque Europe Limited

Auger Torque Europe Ltd from Cheltenham, UK, is a large, active company founded 27 years ago. Employing 32 people, it boasts £4.6 million in assets and generates £12.5 million in yearly revenue. With five directors and no reported owners, it maintains a perfect 5.0 Google rating based on two reviews. The company regularly imports and exports machinery, boilers, and mechanical appliances; parts, with a consistent 192-month import history and 135-month export record.

The company's website doesn't provide much information about its operations. It's not clear if they have an e-commerce presence or if they primarily operate through distributors.

Financially, Auger Torque Europe Ltd presents a mixed picture. While revenue remains strong, the company has seen a significant increase in accumulated amortisation impairment intangible assets, growing 230% to £37,000. Depreciation on property, plant, and equipment has also increased, with total depreciation rising 22% to £120,000. However, the company has managed to reduce its bank balances by 19%, bringing them down to £1.8 million. A notable increase in amounts owed by related parties, rising 79% to £350,000, could indicate increased inter-company transactions or potential financial dependencies. On the positive side, the company has decreased its administrative expenses by 7.3%, and the cash on hand remains stable.

The company’s large size—meeting two of three conditions for a large company—suggests a robust operation. However, the increase in accumulated amortisation and the rise in amounts owed by related parties warrant closer scrutiny. The fact that no owners are reported, but five directors are listed, is a little odd and could mean that the directors are effectively running the company. The last reported average number of employees has decreased by 3.1%, which could be a sign of restructuring or cost-cutting measures. The company is audited by Hazlewoods LLP, which lends some credibility to the financial reporting.

Registered in England/Wales under the registration number 03537549, with a registered address at GL54 4DX, Cheltenham, Gloucestershire, Shipton Downs Farm, Hazleton.

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