Abakus Direct Furniture Ltd

Abakus Direct Furniture Ltd from Manchester, UK, is a small, active company founded six years ago in 2018. Employing nine people, the business holds £397,626 in assets and operates from a real address. With two directors and a solo founder at the helm, it runs a successful e-commerce site and enjoys a stellar 5.0 Google rating based on 673 reviews. The company regularly imports furniture, lighting, and prefabricated buildings—four months of import activity recorded—but exports very little, with just one month of export activity for “None” recorded.

The company's website, Abakus Direct, is a well-designed online store specializing in affordable sofas, corner sofas, and other furniture. It offers free delivery to mainland UK and finance options, highlighting a focus on customer convenience. The site showcases a wide range of collections, from the "Amber" to the "Verona," and emphasizes quality and style. It's a modern e-commerce operation, complete with a newsletter signup and social media links.

Financially, Abakus Direct Furniture Ltd presents a mixed picture. Cash reserves have significantly decreased by 80% to just £520, while bank borrowings have increased by 60% to £61,000. Creditors have also risen by 12%, suggesting increased reliance on supplier credit. On the positive side, debtors have fallen by a substantial 54%, indicating improved collection of payments. The company meets the criteria for a small company—turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees—and is likely exempt from a full audit. The company’s retained earnings have also fallen by 13%, which could be a concern.

Despite these challenges, Abakus Direct appears to be a thriving e-commerce business with a strong online presence and positive customer reviews. It’s a small but agile operation, and its success hinges on maintaining its competitive pricing and delivering on its promises of quality and convenience.

Registered in England/Wales under the registration number 11484955, with a registered address at M11 2NB, United Kingdom, Manchester, Unit 4 Norbury Court, 7 Welcomb Street.

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