Ave Technologies Ltd

Ave Technologies Ltd, based in Hailsham, UK, is a small, active company founded six years ago in 2018. Employing just three people and holding £24,029 in assets, it operates from a real address and is managed by a single director and owner. The company is an irregular importer, specializing in machinery, boilers, and mechanical appliances—parts, with its last import operation recorded one month ago in December 2024.

The company’s website, AVE Technologies Group, showcases a focus on pharmaceutical process and packaging equipment. It designs, manufactures, and supplies high-quality equipment, emphasizing compliance with Good Manufacturing Practice (cGMP) and CE guidelines. The site highlights a range of services, including liquid filling, cartoning, blister packing, and tablet compression, catering to the pharmaceutical industry. It also boasts a UK head office and after-sales support.

Financially, Ave Technologies Ltd presents a mixed picture. Current assets have declined significantly, dropping 55% to £24,000. Net assets have plummeted 160%, resulting in a negative balance of -£14,000—a concerning trend. Bank borrowings have increased dramatically, surging 180% to £20,000, while cash reserves have fallen 94%, leaving just £260. Creditors have increased by 58%, and trade debtors have fallen by 55%. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There's no auditor mentioned, likely due to its small size.

Overall, Ave Technologies Ltd is facing financial headwinds. While it operates in a specialized sector and appears to be maintaining its equipment offerings, the sharp decline in equity and cash reserves suggests it's burning through money. The increase in bank borrowings indicates a need for external funding, and the company will need to address these challenges to ensure its long-term viability.

Registered in England/Wales under the registration number 11385872, with a registered address at BN27 3RP, England, Hailsham, Unit 10 Deanland Business Park, Golden Cross.

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