Abs Build Limited

Abs Build Limited is a small, active holding company based in Bury St. Edmunds, UK, founded three years ago in July 2021. With eleven employees and £1,035,527 in assets, the company operates from a real address and is overseen by three directors and one owner. It’s a regular importer of electrical machinery and equipment, with four months of import activity recorded, the last operation taking place in January 2024.

The company's website highlights its services in building and construction, covering everything from loft conversions and extensions to full refurbishments and listed building restoration. It caters to both commercial and residential clients, emphasizing a "professional hassle-free service" and a reputation built on referrals – 90% of new business comes from them. The site also showcases a specialization in value engineering, aiming to deliver projects within budget.

Financially, Abs Build Limited presents a mixed picture. While current assets increased slightly to £1,000,000, net assets remain low at just £55,000. Cash bank on hand saw a dramatic increase, soaring 640% to £180,000, a positive sign. However, trade debtors decreased significantly by 49%, suggesting potential issues with collecting payments, and other creditors increased by 8.5%. The company meets the criteria for a small business – turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The company’s financial statements were audited by Knights Lowe Limited.

The surge in cash reserves is encouraging, but the decrease in debtors and increase in creditors could indicate a need for closer financial management. The company's focus on referrals and its specialization in building projects suggest a solid foundation, but its long-term success will depend on maintaining a healthy balance sheet.

Registered in England/Wales under the registration number 13520431, with a registered address at IP28 7AS, United Kingdom, Bury St. Edmunds, Suffolk, 25 Hampstead Avenue, Mildenhall.

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