Avent Extrusion Steels Limited

Avent Extrusion Steels Ltd from Herefordshire, UK, is a small, active company founded 24 years ago in 2000. With 10 employees and £2,325,261 in assets, it’s a family business run by three directors and three owners. The company operates from a real address and regularly imports iron and steel (10 months) and exports machinery, boilers, and mechanical appliances (17 months).

The company’s website showcases Avent Extrusion Steels as a quality tool steel stockist. They offer a wide range of tool and die steel, ready to supply with quick turnarounds. The site highlights their commitment to customer care and satisfaction, and even mentions a history dating back to 2000, when they started stocking tool steel bar lengths. They also have a presence in Gloucester, with a unit at Chancel Cl.

Financially, Avent Extrusion Steels shows some concerning trends. Accumulated depreciation impairment for plant machinery increased by 95%, while bank borrowings jumped 35%. Cash bank on hand plummeted 93%, leaving only £48. Creditors rose 16%, and trade debtors increased significantly—by 40% within one year. Equity, however, grew by a modest 5.2%, and net assets grew by 3.8%. The company meets the criteria for a small company, with a turnover under £10.2 million and assets under £5.1 million. There's no auditor mentioned, which is typical for companies of this size.

Despite the concerning cash position, Avent Extrusion Steels appears to be maintaining its business. The increase in trade debtors might suggest they are expanding their customer base, but it’s important to monitor this trend. The company's focus on quality tool steel and customer service, combined with its family-run nature, could help it weather these challenges, but it's something to keep an eye on.

Registered in England/Wales under the registration number 04115088, with a registered address at HR8 2EY, Herefordshire, 10 The Southend, Ledbury.

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