Able Consulting Limited

Able Consulting Limited, based in Hove, UK, is a small, active company founded eighteen years ago in 2006. With just two employees and £108,932 in assets, it operates from a virtual address shared by forty-three other companies—a bit unusual, really. The company is led by two directors and owned by a single person, Newton Paul Ronald, who also serves as a solo founder. It’s a tight-knit operation, to be sure.

The company’s activities center around retail sales via mail order and the internet, alongside providing other information technology services. Its website, though not readily available for detailed analysis, suggests a focus on business consulting. It’s a small business, meeting two of three conditions to be classified as such: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

Financially, Able Consulting Limited shows some concerning trends. Current assets have decreased by 11% to £110,000, and net assets have fallen 13% to £100,000. Equity has also seen a decline of 13%, dropping to £100,000. Cash bank on hand has fallen by 6.4% to £45,000. On a slightly more positive note, creditors have increased by 40% to £5,400, and other inventories have decreased by 15% to £64,000. The company's accounts are described as "filleted" and unaudited, meaning they’re exempt from a full audit due to its small size. No auditor is mentioned.

Overall, Able Consulting Limited appears to be facing some financial headwinds. While its small size allows for agility, the declining assets and equity suggest a need to carefully manage expenses and potentially explore new revenue streams. The increase in creditors, however, could be a sign of growth, or it could indicate a reliance on credit to keep the business running.

Registered in England/Wales under the registration number 05937117, with a registered address at BN3 3YN, England, Hove, 16 Blatchington Road.

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