Avenium Engineering Ltd

Avenium Engineering Ltd from Middlesbrough UK: small company, holding company, active status, founded 9 years ago, 8 employees, £1,056,912 assets, real address, 2 directors, 3 owners, family business. Regular importer of machinery, boilers, and mechanical appliances; parts (31 months imported). Regular exporter of machinery, boilers, and mechanical appliances; parts (6 months exported). It's a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The company operates in the engineering design activities for industrial process and production, the repair of fabricated metal products industries. Officially, it has three owners or PSCs, two directors, and eight employees.

Avenium Engineering, formerly known as SR Engineering, is a precision engineering firm based in Middlesbrough, UK, near the Port of Middlesbrough. The company manufactures both standard and bespoke items, catering to a range of batch sizes from one-off specials to larger customer-specified assemblies. Their website highlights CNC machining, light fabrication, and conventional machining services, serving sectors like petrochemicals, food manufacturing, and renewables. Testimonials praise their work, with Mitsubishi Chemical Ltd specifically mentioning sterling support. They're clearly aiming to provide reliable, cost-effective parts built to exact specifications. The website also features a "Get a Quote" section, encouraging potential clients to reach out.

Financially, Avenium Engineering Ltd shows some concerning trends. While cash reserves increased by a healthy 51% to £660,000, net assets declined by 0.73% to £900,000. More worryingly, the number of employees dropped by 25% to six, and trade debtors plummeted by 39% to £360,000. Future minimum lease payments are also up significantly, increasing 350% to £68,000. The company’s small size helps it remain agile, but the drop in employees and the increase in lease payments suggest possible cost pressures. The company’s financial statements are unaudited, as it’s exempt as a small company. It seems like they are trying to hold steady, but it's worth keeping an eye on these numbers.

Registered in England/Wales under the registration number 09931295, with a registered address at TS2 1LU, England, Middlesbrough, North Yorkshire, 3a Bowes Road Business Park.

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