Abera Ltd

Abera Ltd is a small, active company based in Waltham Abbey, UK, founded two years ago in July 2022. The company, with a real registered address, boasts £6,532 in assets and is led by two directors and a single owner who is also the solo founder. It meets two of the three conditions to be classified as small: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

The company’s website reveals a surprising focus: it's not a retail operation as initially suggested, but rather a French company specializing in pork meat processing and distribution. Abera La Viande de Porc, as it's called, operates a large-scale industrial site in Saint-Brice-en-Cogles, France, and positions itself among the top 10 pork processing sites in the country with over 20 years of experience. The website details a wide range of services, from slaughtering and cutting to customized product development and disaster recovery for damaged products. It also highlights a focus on quality, training, and animal welfare. The site's extensive content, including a blog and a section on "Anuga 2024," suggests a strong marketing effort and engagement with industry events.

Financially, Abera Ltd’s picture is a bit concerning. Current assets have decreased slightly, falling by 1.2% to £6,500. More significantly, cash reserves have plummeted 99%, dropping from £68 to just £1. Creditors have also decreased slightly, falling 20% to £2,500. While this could indicate improved debt management, the drastic reduction in cash is a red flag. Net assets have increased by 17%, reaching £4,000, but this is largely due to retained earnings. The company’s small size (meeting two of three criteria for being small) helps it remain flexible, but the sharp drop in cash reserves raises questions about its financial stability. The accounts are "filleted" and audited exempt with an accountants report, so the figures are not independently verified.

In conclusion, Abera Ltd appears to be a small UK entity acting as a subsidiary or representative of a much larger French pork processing business. While the French operation thrives on scale and heritage, the UK entity faces financial challenges, particularly its dwindling cash reserves. It's unclear how the two businesses are intertwined or whether the UK entity is sustainable in its current form.

Registered in England/Wales under the registration number 14216907, with a registered address at EN9 1FJ, Waltham Abbey, London, C/O Cwa Lockkeepers Cottage, Unit 36, Hazelmere Marina.

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