Abacus Build (uk) Ltd

Abacus Build (UK) Ltd, based in London, is a small, active company with a trading status. Established in 2021, it employs just two people and holds £2,400,000 in current assets. The company operates from a real registered address and is overseen by a single director. Its activities involve construction and building work, with a website showcasing completed projects and client testimonials.

The website, Abacus Build, highlights the company's expertise in residential and commercial construction, renovations, and extensions. It emphasizes quality workmanship, reliable project management, and a commitment to client satisfaction. While the site doesn’s delve into specifics, it projects an image of a professional, customer-focused building firm.

Financially, Abacus Build (UK) Ltd presents a mixed picture. Bank borrowings decreased by a significant 33%, falling to £110,000, and cash reserves dropped 38%, ending at £78,000. Creditors also decreased by 33%, settling at £110,000. However, trade debtors increased by 5.6%, reaching £2,300,000, and net assets grew by a substantial 70%, rising to £200,000. Equity also increased, with retained earnings accumulating to £190,000. Depreciation on motor vehicles remained consistent, and the company’s property, plant, and equipment decreased by 60%. The company is exempt from an audit, so the figures are unaudited.

The decrease in bank borrowings is a positive sign, but the drop in cash reserves and the rise in trade debtors suggest the company might be relying on customer payments to manage its finances. The growth in equity, however, indicates improved profitability. The lack of any auditor mentioned is typical for a small company. It’s likely the company is experiencing the normal ups and downs of a growing business, but the increasing trade debtors warrants monitoring.

Registered in England/Wales under the registration number 06492811, with a registered address at CO3 0JN, England, Colchester, Unit 22 Peartree Road, Stanway.

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