Premo Fabrications Limited

Premo Fabrications Ltd from Newton Aycliffe UK is a large, holding company with an active status. Founded fifteen years ago in 2009, it employs fifty people and holds £6,042,561 in assets. Yearly revenue sits at £9,582,744, with a real address and two directors overseeing operations, alongside one owner. The company is an irregular exporter of aluminum and aluminum products, with just two months of export activity recorded, the last being in October 2023.

The company operates in the manufacture of basic iron and steel and of ferro-alloys industries. Its website, salespremofabs.com, indicates a focus on high-quality architectural fabrications, but currently states "website coming soon." It’s located at Aycliffe Business Park, Durham Way South, Newton Aycliffe, and can be reached at 01325 316204.

Financially, Premo Fabrications Ltd presents a mixed picture. While turnover decreased by 17%, falling to £9.6 million, cash bank on hand declined by 24% to £210,000. However, current assets increased by 7.2% to £6 million, and net assets grew by 13% to £2.9 million. Borrowings increased significantly, by 1,400%, reaching £790,000, which could be a sign of investment or expansion. Creditors decreased by 3.1%, suggesting improved debt management. The company’s size (meeting two of three criteria for a large company) allows for flexibility, but the increase in borrowings warrants further investigation. No auditor is mentioned, likely due to the company’s size.

Overall, Premo Fabrications Ltd appears to be navigating a period of change. While revenue has dipped, the company’s asset base has grown, and it’s clearly investing in its operations. The lack of a detailed audit report leaves some questions unanswered, but the company’s established presence and ongoing activity suggest a reasonably stable position.

Registered in England/Wales under the registration number 07061696, with a registered address at DL5 6XN, Newton Aycliffe, Co. Durham, Durham Way South, Aycliffe Business Park.

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