Aycliffe Engineering Limited

Aycliffe Engineering Limited, based in Newton Aycliffe, UK, is a small, active company with a long history, having been founded 77 years ago in 1947. The company employs 13 people and holds £238,853 in assets. It’s led by two directors and owned by one individual, Altringham Kathryn Helen. Aycliffe Engineering is an irregular importer, primarily dealing with electrical machinery and equipment, with its last import activity recorded over a year ago.

The company specialises in tyre mould manufacturing and repair, along with a range of precision engineering services, including CNC milling, turning, and surface grinding. Its website highlights a commitment to quality and reliability, catering to demanding industries and boasting a proud history of serving global tyre manufacturers. They also offer services to engineering companies and have a focus on sustainability, adopting an ESG-based approach.

Financially, Aycliffe Engineering shows some concerning trends. Current assets have decreased by 31%, dropping to £240,000, while net assets have fallen significantly by 74%, now standing at £46,000. Bank borrowings have also decreased, though, dropping 12% to £130,000. Interestingly, the number of employees has increased by 38%, rising to 18—a possible sign of growth or increased workload. Creditors have also decreased by 6.4%. The company meets the criteria to be considered a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it is exempt from an audit.

The decrease in net assets and current assets, coupled with the increase in employee numbers, suggests the company may be investing in its operations, but it's also facing challenges in managing its working capital. It’s a situation that warrants close monitoring, though the company's long-standing reputation and diverse engineering capabilities provide a solid foundation.

Registered in England/Wales under the registration number 00443976, with a registered address at DL5 6SN, Newton Aycliffe, County Durham, Beaumont Way, Aycliffe Industrial Park.

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