Averon Engineering Limited

Averon Engineering Ltd, based in Inverurie, UK, is a small holding company with an active status, established 32 years ago in 1992. The company employs 11 people and holds assets totaling £1,413,886. It operates from a real address and is managed by two directors and one owner, maintaining a stellar 5.0 Google rating based on nine reviews. The company is an irregular importer, primarily dealing in iron and steel, with its last import activity recorded over four years ago in 2018.

Averon Engineering’s website showcases its role as an “Innovative Engineering Solutions” provider, offering a range of products including air compressors, crash frames, vacuum transfer systems, and more. The site details services and facility information, and encourages visitors to get in touch. It’s clear that the company is focused on B2B sales, catering to industrial clients with its engineering solutions. There’s no obvious e-commerce functionality; instead, the website serves as a brochure and contact point.

Financially, Averon Engineering Ltd shows a mixed picture. Current assets increased by 20% to £1,400,000, while net assets also rose by 14% to £1,400,000. Cash reserves saw a significant boost, increasing by 72% to £460,000. However, bank borrowings increased by 27%, reaching £4,600. Creditors also rose by 52%, to £210,000. The company’s small size—meeting two of three criteria for a small company—allows for flexibility, but the increase in creditors suggests a need to manage short-term liabilities. The lack of an auditor mentioned is typical for a small company.

Overall, Averon Engineering Ltd appears to be financially stable, with growing assets and cash reserves. The increase in creditors is something to keep an eye on, but the company's strong Google rating and focus on B2B engineering solutions suggest a solid foundation for continued success.

Registered in Scotland under the registration number SC139650, with a registered address at AB51 5NS, Inverurie, Aberdeenshire, Averon Engineering, Milton Of Thainstone.

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