Austar Uk Limited

Austar Uk Limited is a small, active company based in Huddersfield, UK, founded five years ago in 2020. With 14 employees and £1,523,026 in assets, it operates from a real address and is led by three directors and a solo founder, Ho Kwok Keung Mars. The company regularly imports optical and medical tools and devices, with 13 months of import activity recorded, and exports machinery, boilers, and mechanical appliances, boasting 33 months of export activity. Its core business, as detailed on its website, revolves around providing containment solutions for the pharmaceutical and biotech industries, specializing in barrier systems that prioritize either product protection or operator safety. It operates an e-commerce site, Austar UK, and provides solutions like containment isolators, downflow booths, and aseptic isolators.

Financially, Austar Uk Limited shows some concerning trends. While cash reserves increased by 65% to £330,000, net assets plunged 65% to -£3.5 million. Creditors increased by 35% to £1.5 million, and bank borrowings surged, indicating a reliance on external funding. Trade debtors rose by 28% to £840,000, which could be a sign of delayed payments or an expansion of credit terms. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the significant drop in equity is a red flag. The company’s average number of employees increased by 43% to 20, which could be a positive sign of growth, but it also increases operational costs. The company’s auditor is Haines Watts.

Overall, Austar Uk Limited seems to be navigating a challenging financial landscape, balancing growth with increased debt. The company’s focus on specialized containment solutions suggests a niche market, but the need to manage liabilities will be crucial for its long-term success.

Registered in England/Wales under the registration number 12541584, with a registered address at HD1 6QB, United Kingdom, Huddersfield, Unit 6, St Andrews Court, Leeds Road.

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