Azatom Group Limited

Azatom Group Ltd from Billingham UK is a small company with an active status, founded 21 years ago. It employs six people and holds £1,158,637 in assets, operating from a real address. The company has two directors and one owner, who is also the solo founder. It runs an e-commerce site and has a Google rating of 3.0 based on eight reviews. The company regularly imports electrical machinery and equipment, with 21 months of import activity recorded.

The company’s website, AZATOM, focuses on selling audio electronics, including soundbars, speakers, radios, and accessories. It offers a range of brands and products, catering to both home and portable audio needs. The site highlights features like free shipping and a focus on British craftsmanship. It’s clear they’re aiming for a premium market, with a focus on high-quality sound and design.

Financially, Azatom Group Ltd presents a mixed picture. While turnover remained stable at £1,000,000, net assets decreased by 10% to £1,200,000. Bank borrowings increased by 5.7% to £960,000, and cash reserves decreased by 1.5% to £380,000. Trade debtors decreased significantly by 47%, which could indicate improved cash flow management, but also potentially a reduction in sales. Creditors also decreased by 5.7%, suggesting they’re managing their short-term liabilities effectively. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. No auditor is mentioned, which is typical for small companies exempt from an audit.

Overall, Azatom Group Ltd appears to be a steady, albeit small, business. The decrease in net assets and cash reserves could be a cause for concern, but the company’s strong online presence and focus on quality suggest it’s well-positioned to continue operating. The decrease in debtors is a positive sign, and the company’s small size allows it to remain agile and responsive to market changes.

Registered in England/Wales under the registration number 05064981, with a registered address at TS22 5FE, England, Billingham, 3 Glenarm Road, Wynyard.

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