Castilian 1 Ltd

Castilian 1 Ltd from Westhoughton UK is a large company, operating as a holding company with an active status. Founded just one year ago in December 01, 2023, it employs 174 people and holds assets worth £8,033,774. The company has a real address and is managed by two directors and one owner. It’s a regular importer of vehicles, parts, and accessories (excluding trains and trams), with 19 months of import activity recorded, the last operation made on February 01, 2025.

The company’s website primarily functions as a portal for South Wales Police and Crime Commissioner, offering information, resources, and updates related to policing and crime prevention in the region. It doesn't appear to be an e-commerce site, instead serving as a public-facing platform for announcements, news, and engagement with the community. The site features a range of content, including award nominations, updates on collaborative efforts, and information on the Police and Crime Plan. There’s a section dedicated to commissioners priorities and resources, and a contact form for general inquiries.

Financially, Castilian 1 Ltd shows a complex picture. While the company boasts substantial assets, some key figures raise concerns. Accumulated amortisation and impairment for intangible assets have increased significantly, with development costs capitalised at £1.4 million, and negative goodwill totaling £8.5 million. This suggests a history of acquisitions or write-downs impacting the balance sheet. Bank borrowings have increased, and cash reserves have fallen, indicating potential cash flow pressures. However, creditors have decreased, which could reflect improved debt management. The company’s large size (meeting two of three criteria for a large company) and substantial assets suggest a significant operation, but the negative goodwill and declining cash reserves warrant closer scrutiny. The company was audited by MHA, and the report was signed by Paul Locker.

Overall, Castilian 1 Ltd appears to be a substantial holding company with a complex financial profile. While it operates a large workforce and holds significant assets, the negative goodwill and declining cash reserves suggest it’s facing challenges—or perhaps is strategically investing for future growth. The company’s website reveals a completely different business, dedicated to public service and community engagement, which is a surprising contrast to the financial data.

Registered in England/Wales under the registration number 15320835, with a registered address at BL5 2EE, England, Westhoughton, Bolton, Colmill Works Colmill Works, Hart Common, Wigan Road.

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