Abcon Global Products Ltd

Abcon Global Products Ltd, based in Upminster, UK, is a small, active company founded 12 years ago. With a single employee and £69,502 in assets, it’s a solo-founder operation led by a director and owner. The company regularly imports machinery, boilers, and mechanical appliances—parts, with recent activity recorded in January 2024. It operates from a real address and is classified as a small company, meeting two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 10 employees.

The company’s website highlights its role as a product sourcing and development specialist, distributing a wide range of household and trade products. It emphasizes global product sourcing, new product development, and quality assurance, with a section dedicated to case studies and testimonials. It appears to operate primarily as a distributor rather than an e-commerce retailer, focusing on building relationships with suppliers and customers. ABCON Global Products, trading as ABCON Group, operates from Glenwood House, Brentwood Road, Bulphan.

Financially, Abcon Global Products Ltd shows a mixed picture. Current assets have fallen by 37%, dropping to £70,000, while net assets have decreased by 30% to £68,000. Cash reserves have taken a significant hit, falling 77% to £11,000. Bank borrowings have been eliminated, a positive sign, but trade debtors have increased by 27%, potentially indicating difficulties in collecting payments. Creditors have also decreased by 69%, which is a good sign. The company’s small size and lack of an auditor (likely exempt as a small company) means the figures are unaudited.

Overall, Abcon Global Products Ltd seems to be navigating a period of financial pressure. While the company’s focus on product sourcing and development suggests a solid business model, the decline in cash reserves and assets warrants close monitoring. The company’s reliance on a single employee and the absence of a formal audit adds to the uncertainty.

Registered in England/Wales under the registration number 08464533, with a registered address at RM14 3SL, Upminster, Essex, Glenwood House Brentwood Road, Bulphan.

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