Axiom Product Development Ltd

Axiom Product Development Ltd, based in Chichester, UK, is a small, active company founded eight years ago. With twelve employees and £358,895 in assets, it’s a real address operation overseen by five directors and two owners, holding a stellar 5.0 Google rating from four reviews. The company is an irregular importer of aluminum and aluminum products, with the last import activity recorded one month ago in January 2021.

Axiom specializes in CNC manufacturing and product development, offering a wide range of services from machining and jigs to rapid prototyping and vacuum forming. Their website highlights expertise in serving industries like automotive, aerospace, electronics, and defense, emphasizing precision, custom solutions, and quick turnarounds. They cater to clients needing everything from prototypes to large-scale production, and boast a team of experienced professionals. The site clearly positions them as specialists in complex machine tooling.

Financially, Axiom shows some concerning trends. Current assets have decreased by 30% to £360,000, while net assets have fallen by 34% to -£120,000. Bank borrowings have increased by 26% to £9,800, and cash reserves have dropped 29% to £120,000. Creditors have decreased by 31%, which is a positive sign. 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. No auditor is mentioned, likely due to their small size.

The decrease in net assets is particularly noteworthy, suggesting the company may be burning through cash. While the decrease in creditors is encouraging, the overall picture suggests Axiom is facing financial pressures. The company’s ability to maintain its high Google rating and continue serving its diverse client base will depend on its ability to address these challenges.

Registered in England/Wales under the registration number 10407672, with a registered address at PO20 1LJ, England, Chichester, W Sussex, Units 3-5 Manor Park Pagham Road, Runcton.

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