The Ashbank Group Limited

The Ashbank Group Limited, based in Stockton-On-Tees, UK, is a small holding company with an active status, having operated for 55 years. The company, which employs seven people and holds £434,005 in assets, is a regular importer of machinery, boilers, and mechanical appliances; parts, with 15 months of import activity recorded. It operates from a virtual address, registered with ten other companies, and is overseen by three directors and one owner.

The company’s activities primarily involve the washing and (dry-)cleaning of textile and fur products, and it also owns several subsidiaries including Leafband Limited, Warwick-lpd Limited, White Rose Launderettes Limited, and Warwick Dryers Limited. It has previously been known as Crossco (1295) Limited and Stanland Group Limited (the).

Financially, The Ashbank Group Limited shows a mixed picture. Current assets have decreased by 10% to £430,000, while net assets have fallen 5.6% to £1,500,000. Bank borrowings have risen by 15% to £29,000, and cash reserves have dropped 15% to £170,000. Creditors have decreased by 14% to £310,000. The company's small size—meeting two of three conditions for being considered small (turnover under £10.2m, assets under £5.1m, fewer than 50 employees)—helps it maintain agility. However, the decrease in equity and cash reserves suggests potential financial pressure. As a small company, it is exempt from an audit, so the figures are unaudited.

The company’s financial commitments include a secured overdraft facility, and it operates a defined contribution pension scheme. While the company is trading well, the decrease in assets and cash reserves suggest that it is burning through money.

Registered in England/Wales under the registration number 00975849, with a registered address at TS17 9JU, Stockton-On-Tees, Cleveland, Forty House Earlsway, Teesside Industrial Estate.

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