Ayoub Group Ltd

Ayoub Group Ltd, based in Manchester, UK, is a small, active company founded five years ago. With a single employee and £33,313 in assets, it operates from a virtual address, managed by one director and owner. The company regularly imports headgear and accessories, with three months of import activity recorded.

The company’s website reveals a different picture entirely: Ayoub Group is a leading steel supplier in the Middle East, established in 1933. It specializes in trading, manufacturing, and logistics across the MENA region, boasting a legacy spanning nearly a century. The website details a range of companies, including Ayoub International, TechnoSteel, and TechnoMetal, and highlights its commitment to quality, innovation, and sustainability, even mentioning a switch to electric vehicles in 2024. The company’s mission is to deliver superior steel solutions, and its vision is to be the leading force in the MENA steel industry.

Financially, Ayoub Group Ltd’s recent performance shows some concerning trends. Accumulated depreciation on plant machinery increased by 33%, while depreciation on vehicles also rose by 33%. Bank overdrafts decreased by 30%, and cash reserves plummeted 84% to a mere £6,600. Creditors decreased by 64%, and current assets also dropped by 32%. However, net assets increased significantly, jumping 1,300% to £1,900. Trade debtors increased by a staggering 190%. The company meets two of the three criteria to be considered small, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor is likely due to its small size, and the figures are based on unaudited statements.

While the steel business appears to be thriving, the company's financial data suggests it might be burning through cash. The sharp drop in cash reserves and the increase in trade debtors raise questions about its liquidity. It’s possible the company is reinvesting heavily in its operations, but the lack of detailed financial information makes it difficult to draw definitive conclusions.

Registered in England/Wales under the registration number 12152694, with a registered address at M1 4EJ, United Kingdom, Manchester, 2nd Floor 16 Nicholas Street.

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