Abacus (manchester) Ltd

Abacus Manchester Ltd, a small holding company based in Nelson, UK, has been active for 15 years. Founded in 2009, it employs seven people and holds £995,873 in assets. The company operates from a virtual address—38 other companies share the same location—and is overseen by two directors and one owner. Its Google rating sits at 3.0 based on 34 reviews. Abacus is a regular importer, primarily of jewelry, precious stones, and metals, with 16 months of import activity recorded, the latest in May 2024. The company operates in the retail sale of watches and jewellery in specialised stores.

The company’s website is not available, so it’s difficult to ascertain the full scope of its operations beyond the import/retail activities. It's likely that the company operates primarily through online channels, given the virtual address and focus on importing goods.

Financially, Abacus Manchester Ltd presents a mixed picture. Cash bank on hand decreased by 7.3% to £870,000, while creditors dropped significantly by 74.0% to £76,000—a positive sign of improved debt management. Current assets also declined by 6.9% to £1,000,000. However, equity increased by 19.0% to £860,000. Trade debtors have completely vanished, which could indicate a change in the company’s payment terms or a one-off event. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned suggests that the company is exempt from an audit.

The financial data suggests that while the company is not experiencing explosive growth, it’s also not in immediate crisis. The decrease in cash reserves, however, warrants attention, and the sudden disappearance of trade debtors is something to investigate further. The company’s owner list was changed five months ago, which is a good sign, and the two directors, Hall Daniel and Hall Christopher Stephen, have been in place for three years.

Registered in England/Wales under the registration number 06975677, with a registered address at BB9 9XY, England, Nelson, Lancashire, Charter House, Stansfield Street.

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