Abk Signs Ltd

Abk Signs Ltd is a small, active company based in Glasgow, UK, founded three years ago in May 2021. With just one employee and £8,403 in assets, it’s a lean operation run by a single director and owner, Habbab Humam. The company operates from a real address, registered at 571 South Street, G14 0TR, and has a history of being Pit Stop Signs Ltd. It’s involved in printing, manufacturing, and specialised design activities, and is an irregular importer, with its top import category being Plastics and plastic products, totaling 1 months of imports. The last import operation was conducted on August 01, 2024.

The company’s website is currently unavailable, so it’s difficult to assess its online presence or e-commerce activities. It seems to be operating primarily as a business-to-business supplier rather than a direct-to-consumer retailer.

Financially, Abk Signs Ltd presents a mixed picture. While its small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, some trends are concerning. Accrued liabilities deferred income increased by a significant 160%, while amounts owed to directors decreased by 24%. Current assets saw a substantial jump of 370%, reaching £8,400, but net assets still sit at a modest £1,200. Raw materials increased dramatically by 1,400%, suggesting a potential build-up of stock. Trade creditors also decreased, which is a positive sign. The company's retained earnings accumulated losses are at -£1,100. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company’s recent change in director and owner lists, occurring two months ago, could indicate a restructuring or a fresh injection of energy. However, the declining equity and reliance on bank borrowings suggest it's burning through money. The increase in raw materials might be a strategic move to meet future demand, or it could signal challenges in managing inventory.

Registered in Scotland under the registration number SC699711, with a registered address at G14 0TR, Scotland, Glasgow, 571 South Street.

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