Axium Process Limited

Axium Process Ltd, based in Swansea, UK, is a small, family-run business with an active trading status, celebrating 22 years since its founding. With 71 employees and £1,873,924 in assets, it operates from a real address and is managed by seven directors and two owners. The company regularly imports and exports machinery, boilers, and mechanical appliances, parts – 82 months of imports and 65 months of exports recorded.

The company’s website reveals a diverse range of services and products. Axium Process specializes in hygienic precision engineering, offering bespoke design, stainless steel fabrication, and process filtration system solutions. It caters to industries including aerospace, biopharm, pharmaceutical, brewing, chemical, cosmetic, dairy, food, beverage, water recycling, and textile. Products range from filtration systems and tanks to process components and stainless steel valves, with a strong emphasis on membrane filtration technology and customized fabrication. They also offer services like design engineering, precision machining, and surface finishing.

Financially, Axium Process Ltd presents a mixed picture. Current assets have significantly decreased by 40%, falling to £1.9 million, while net assets have also dropped, although less dramatically, to £870,000. Bank borrowings have vanished completely, a positive sign, but cash reserves have increased substantially, jumping to £220,000. Trade debtors have plummeted by a considerable 58%, suggesting improved collection efforts. Creditors have also decreased, but the most concerning trend is the significant drop in accumulated depreciation, which is a good sign. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the overall decline in assets warrants closer attention. With no auditor mentioned, the figures rely on unaudited statements.

It seems Axium Process Ltd is navigating a period of change, potentially reflecting broader economic pressures or strategic shifts. The company’s focus on specialized engineering and custom fabrication suggests a commitment to high-value services, but the financial data indicates a need for careful management and potentially, a focus on improving cash flow.

Registered in England/Wales under the registration number 04432600, with a registered address at SA4 0XP, Wales, Swansea, Unit 2c Hendy Industrial Estate, Hendy, Pontarddulais.

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