Abitus Limited

Abitus Limited, based in Shifnal, UK, is a small, active company founded two years ago. With £684,590 in assets and a virtual address shared by ninety other companies, it’s a compact operation managed by three directors and one owner. The company regularly imports optical and medical tools and devices, with five months of import activity recorded, and exports machinery, boilers, and mechanical appliances, also for five months. It’s a regular importer and exporter.

The company’s website reveals a focus on engineering solutions and services, particularly in toolroom design, fabrication, and maintenance. It offers a range of services, from tooling care and inspection to repair and overhaul, catering to industries like aerospace, power generation, automotive, and medical. The site highlights a state-of-the-art toolroom, experienced design engineers, and a commitment to quality—a testament to its 25 years of experience. It’s a business that seems to be focused on providing specialized services.

Financially, Abitus Limited shows a mixed picture. While current assets remain steady at £680,000, net assets have declined to just £2,700. Bank borrowings have stayed consistent at £700,000, and cash reserves are holding steady at £210,000. Trade debtors are at £470,000, and creditors are also at £700,000. The company meets two of three criteria for being a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of a reported number of employees suggests a lean team. As a small company, it is exempt from an audit, relying on unaudited financial statements.

Overall, Abitus Limited appears to be navigating a challenging financial landscape. While it maintains a solid asset base and consistent borrowing, the decline in equity and net assets warrants attention. The company's specialized services and experienced team, however, provide a foundation for future growth—though it’s a bit unclear how the company is making money.

Registered in England/Wales under the registration number 14756503, with a registered address at TF11 9AZ, England, Shifnal, Shropshire, Market Chambers, 2b Market Place.

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