Abels Moving Services Limited

Abels Moving Services Limited, based in Potters Bar, UK, is a sizable company with a 26-year history, currently employing 72 individuals. Holding £3,607,026 in assets and generating £7,601,739 in yearly revenue, it operates as a holding company with an active status. The company boasts a 5.0 Google rating from 65 reviews, indicating high customer satisfaction. It has six directors and one owner, though the owner list may not be exhaustive. The registered address is a virtual address, as sixteen companies share the same location, which is a bit concerning.

The company specializes in removals and storage, primarily serving high-end residential moves, international relocations, and commercial moves. It regularly imports furniture, lighting, and prefabricated buildings, with the last import occurring in November 2023. It also irregularly exports musical instruments and parts, with the last export in November 2024. It’s a fairly standard operation, though the virtual address is a flag.

Financially, Abels Moving Services Limited presents a mixed picture. While turnover remained stable, net assets decreased by 15% to £1.6 million. Bank borrowings increased by 400% to £230,000, and cash reserves declined by 60% to £130,000. However, creditors decreased by 10%, suggesting improved debt management. The company meets two of three criteria to be considered a large company, with turnover exceeding £36 million and a balance sheet total exceeding £18 million, but it has fewer than 250 employees. BKL Audit LLP served as the auditor, and the financial statements were audited.

The increase in bank borrowings and decrease in cash reserves are concerning, suggesting the company may be burning through money, but the decrease in creditors is a positive sign. The virtual address, while common, does raise questions about the company’s physical presence and operational transparency. Overall, Abels Moving Services Limited appears to be a well-regarded company facing some financial pressures—but it’s a fairly standard situation for a company of its size and stage.

Registered in England/Wales under the registration number 03592000, with a registered address at EN6 3JN, England, Potters Bar, The Heights East, Cranborne Road.

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