Abacus Direct Limited

Abacus Direct Ltd from Newbury UK: a large company, holding company, active status, founded 23 years ago, 64 employees, £9,661,173 assets, virtual address, 3 directors, 3 owners, google rating 4.0 based on 32 reviews. Regular importer of plastics and plastic products (346 months imported).

Abacus Direct Limited operates primarily as a wholesale distributor of hardware, plumbing, and heating equipment and supplies. While their website doesn’t showcase a direct-to-consumer e-commerce presence, it does provide a B2B portal for registered customers to browse and order products. The site's design is functional, prioritizing product listings and technical specifications over flashy visuals, suggesting a focus on serving trade professionals rather than retail consumers. It’s clear they’re not selling directly to the public.

Financially, Abacus Direct Ltd presents a mixed picture. While current assets are substantial at £9,661,173, they’re down 10% compared to the previous year. Net assets also decreased, falling 5.9% to £8,600,000. Bank borrowings have significantly reduced, dropping 85% to £200,000, which is a positive sign. However, the company’s net loss deepened, increasing by 1.2% to £870,000. Trade debtors increased by 10%, suggesting a potential issue with customer payments. The company’s large size (meeting two of three criteria for a large company: turnover over £36 million, balance sheet total over £18 million, and over 250 employees) means it’s subject to more rigorous reporting requirements. TC Group conducted the audit, and the financial statements were prepared under FRS 102. It's worth noting that the company's registered address is a virtual one, as seventeen companies share the same address, which could indicate a shared service arrangement or a potential risk factor. The decrease in accrued liabilities deferred income by 79% is also notable, which could be a positive or negative sign depending on the nature of those liabilities. Overall, the company seems to be facing some financial pressure, but it's also benefiting from reduced borrowing costs.

Registered in England/Wales under the registration number 04331572, with a registered address at RG14 5TN, England, Newbury, Votec House, Hambridge Lane.

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