Abbott Fasteners Limited

Abbott Fasteners Ltd, based in Luckyn Lane, Basildon, Essex, is a small, active company with a 43-year history. Employing twelve people and holding assets of £856,927, it’s a well-established player in its sector. With three directors and two owners, the company operates from a real address and has been doing so since April 1982. Abbott Fasteners regularly imports basic metal tools and utensils (69 months of import activity) and exports iron or steel products (83 months of export activity), suggesting a focus on supplying the hardware and construction industries.

The company’s website is currently unavailable, making it difficult to assess its online presence and direct sales activities. However, its wholesale nature suggests a business-to-business model rather than direct consumer sales. It’s likely the company supplies other businesses with fasteners and related products.

Financially, Abbott Fasteners Ltd appears relatively stable. Current assets have increased by a modest 1.1% to £860,000, while net assets have grown by 3.1% to £650,000. Cash reserves have seen a significant boost, increasing by 95% to £160,000 – a positive sign of improved liquidity. However, trade debtors have decreased by 10% to £470,000, which could indicate slower customer payments. Creditors have also risen by 15% to £130,000, and other creditors have increased by 80% to £28,000, which could be due to increased stock purchases. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to remain agile, but the rise in creditors should be monitored. The absence of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

Overall, Abbott Fasteners Ltd seems to be in a reasonably healthy position, benefiting from its long-standing presence and regular import/export activity. The increase in cash reserves is a particularly encouraging sign, although the rise in creditors warrants some attention.

Registered in England/Wales under the registration number 01627240, with a registered address at SS14 3AX, Luckyn Lane Basildon Essex, Unit 4b Gloucester Way, Pipps Hill Industrial Estate.

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