Abc Garden Ltd

Abc Garden Ltd from London UK: a small, active company founded four years ago, is facing some challenges. With just one employee and £179,414 in assets, it operates from a virtual address shared by forty other companies – a bit unusual. The business is owned by three individuals, with one person acting as the solo founder, and managed by two directors. It’s an irregular importer of furniture, lighting, and prefabricated buildings, having imported for two months, the last time being May 9, 2022.

The company's website, ABC Garden Group, showcases a global operation with online stores across continents, selling timber garden buildings and saunas. It’s a large-scale business, boasting 75 years of experience and a focus on Nordic-quality timber products. The website highlights a global warranty, secure payments, and a range of brands like Gardenhouse24, Saunafreak, and KUUT Sauna. It's clear they’re aiming for a premium market, emphasizing craftsmanship and style. They even have a presence in Harrods!

However, the financial picture isn't entirely rosy. While the company’s turnover isn’t reported, net assets have plummeted 47%, dropping to -£46,000. Cash bank on hand has also decreased by 40%, down to £21,000. Creditors have increased significantly, by 16%, reaching £330,000, suggesting increased borrowing. Trade debtors have also fallen, by 21%, and the company’s assets have fallen by 39%. The company is small, meeting two of three criteria to be considered small, but the sharp decline in equity raises questions about its financial health. The accounts are unaudited, which is common for small companies, and no auditor is mentioned. It seems like the business is burning through money, but the global reach and established brands might provide a buffer against these pressures.

Registered in England/Wales under the registration number 12744596, with a registered address at EC2M 5TU, United Kingdom, London, 65 London Wall.

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