Abbeyware Ltd

Abbeyware Ltd is a small, active company founded 23 years ago, in 2002. Based in London, it employs five people and holds £337,145 in assets. It’s a family business with two directors and two owners, operating from a virtual address shared by 63 other companies—a bit of a red flag, really. The company imports plastics and plastic products, though irregularly, with its last import operation recorded way back in 2017.

The company’s website is non-existent, which makes it hard to know exactly what they do. However, official records show Abbeyware Ltd operates in the wholesale of household goods, excluding musical instruments. This suggests a B2B operation rather than direct consumer sales.

Financially, Abbeyware Ltd presents a mixed picture. Cash reserves have increased by a significant 65%, reaching £110,000, which is good news. However, creditors have also risen considerably, jumping 43% to £86,000. Bank borrowings have decreased by 28%, which is a positive sign. The company’s net current assets have increased by 12%, and overall net assets have increased by 7.7%. It’s a small company, meeting two of three criteria for being classified as such: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The company's assets are depreciating, with the computer equipment depreciating by 12%, the furniture fittings by 7.2%, and the motor vehicles by 25%.

The lack of a website and the virtual address are concerning, but the increase in cash reserves suggests the company is managing its finances reasonably well. The decrease in bank borrowings is also a positive sign. However, the rise in creditors needs to be monitored. As a small, unaudited company, the figures rely on director-reported data, so caution is advised.

Registered in England/Wales under the registration number 04356093, with a registered address at NW11 7RJ, 5 North End Road, London.

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