Axiom Engineering Associates Limited

Axiom Engineering Associates Ltd, based in Stockton-On-Tees, UK, is a small, holding company with an active status. Established 22 years ago in 2003, the firm employs 65 people and holds £3,476,791 in assets. With four directors and one owner, it maintains a perfect 5.0 Google rating from six reviews. The company is an irregular importer of optical and medical tools and devices, with just one month of import activity recorded as of May 2021.

The company’s website showcases a comprehensive range of services, from inspection and NDT to asset life cycle management and digital tools training. It caters to diverse sectors, including chemical, energy, food, oil, gas, and pharmaceutical industries. The site emphasizes a “vision to act as trusted partners” and offers detailed information on each phase of the asset life cycle, suggesting a focus on consultancy and technical support. There’s a clear emphasis on client login and accessibility features, indicating a modern and user-friendly approach.

Financially, Axiom Engineering Associates Ltd presents a mixed picture. Cash bank on hand decreased by 30% to £460,000, while trade debtors increased by a significant 9.4% to £3,000,000. Net assets grew by 5.6% to £3,100,000, which is good news, but the rise in bank borrowings by 2,400% to £29,000 is a concern. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the increase in debt warrants closer attention. The company’s auditor, JBC Accountants Limited, provided an audited report, which is reassuring.

Overall, Axiom Engineering Associates Ltd appears to be a stable, technically focused consultancy, but the recent financial trends suggest it may be burning through cash a little faster than anticipated. It’s a small company, and it’s probably fine, but it’s worth keeping an eye on.

Registered in England/Wales under the registration number 04629168, with a registered address at TS18 3BL, England, Stockton-On-Tees, 14 Woodstock Court, Bowesfield Crescent.

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