Specialised Aluminium Supplies Limited

Specialised Aluminium Supplies Limited, based in Congleton, UK, is a small, active company founded 23 years ago. With £4,876,499 in assets and a virtual address shared by 119 other companies, it operates with two directors and a solo founder, boasting a perfect 5.0 Google rating from a single review. The company regularly imports aluminum and aluminum products, with 107 months of import activity recorded, the latest in October 2024.

The business, operating from Bank House, Market Square, specializes in the manufacture of other fabricated metal products and other manufacturing industries. Its website, helpaspgroup.co.uk, details a broader range of services including material specification, procurement, storage and supply, and product manufacture. It seems to focus on high-value, bespoke work, catering to sectors like aerospace, defence, and automotive, with a particular emphasis on precision machining and component assembly. The site also mentions a piano restoration division, 1066 Pianos, which operates separately.

Financially, Specialised Aluminium Supplies Limited presents a mixed picture. While current assets increased slightly to £4,900,000, bank cash reserves plummeted by a staggering 100% to zero. Trade debtors have also risen sharply, increasing by 370% to £4,900,000, suggesting potential issues with customer payments or a deliberate strategy to extend credit terms. Creditors remained relatively stable at £1,700,000. The company’s small size (meeting two of three conditions for a small company) helps it remain flexible, but the dramatic cash decline and rising debtors are concerning. The accounts are unaudited, and no auditor is mentioned, which is typical for small companies exempt from an audit.

Overall, Specialised Aluminium Supplies Limited appears to be navigating a challenging financial period, potentially burning through cash reserves while expanding credit to customers. The long-term sustainability of the business will depend on its ability to manage debtors and secure new funding or improve cash flow.

Registered in England/Wales under the registration number 04328079, with a registered address at CW12 1ET, England, Congleton, Cheshire, Bank House, Market Square.

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