A B Dev Ltd

Dev Ab Ltd from Wimborne UK: a small holding company with an active status, was founded four years ago. It employs 16 people and holds £792,606 in assets, operating from a virtual address. The company is overseen by three directors and owned by two entities. It regularly imports electrical machinery and equipment (76 months) and exports machinery, boilers, and mechanical appliances; parts (44 months).

The company’s website reveals it’s a specialist in air bearing technology. Air Bearing Developments designs, manufactures, and sells various aerostatic bearings, including those for semiconductor dicing, optical spindles, paint atomisation, and high-speed milling. They cater to industries requiring precision and performance, with a focus on innovation and quality. The company also has a careers page, inviting applications for roles in the air bearing industry. Contact information is provided for sales and technical inquiries, and the company maintains a LinkedIn presence.

Financially, Dev Ab Ltd presents a mixed picture. While current assets decreased by 48% to £790,000, net assets increased by 110% to £260,000. Bank cash reserves have plummeted by 74%, dropping to £210,000, which could indicate investments or increased spending. Trade debtors have risen by 44%, suggesting customers are taking longer to pay. Creditors have decreased by 48%, which is a positive 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) helps it remain flexible, but the drop in cash reserves warrants attention. The company is exempt from an audit, so the figures are unaudited.

The company’s growth in net assets is encouraging, but the significant decrease in cash reserves could be a concern. It’s possible the company is investing in expansion or facing temporary cash flow challenges. The lack of an auditor makes it harder to assess the long-term financial health, but the overall picture suggests a company that’s growing but needs to manage its cash flow carefully.

Registered in England/Wales under the registration number 12744515, with a registered address at BH21 1JS, England, Wimborne, Dorset, Faulkner House, 31 West Street.

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