Abs Engineering Ltd

Abs Engineering Ltd, based in Boston, UK, is a small, active company founded thirteen years ago in 2012. With ten employees and £1,136,212 in assets, it operates as a family business with a solo founder at its helm. The company has three directors and two owners, and its registered address is real, with only three companies registered there. It’s a regular importer, primarily bringing in iron or steel products—a trend that has continued for the last sixteen months, with the most recent import occurring in March 2025.

The company specializes in the installation of industrial machinery and equipment, a sector demanding precision and reliability. While a website isn't available, this suggests a business-to-business model, likely serving industrial clients directly rather than engaging in e-commerce.

A review of the company’s financials reveals a mixed picture. Cash reserves have increased significantly, jumping 80% to £780,000, which is a positive sign. However, trade debtors have decreased by 39%, dropping to £310,000, which could indicate slower customer payments or a shift in credit policies. Creditors have also decreased by 41%, falling to £180,000, suggesting improved debt management. Net assets have increased by 28%, reaching £1,100,000. Losses have been reduced. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

Despite the positive trends in cash and net assets, the sharp decrease in trade debtors is something to watch. The company’s small size allows for agility, but the financial data suggests it’s navigating a period of transition. There's no mention of an auditor, likely due to its status as a small, exempt company, so the figures are unaudited.

Registered in England/Wales under the registration number 07974502, with a registered address at PE20 1QQ, England, Boston, Evergreen Farm Wash Road, Kirton.

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