Abs Tiles Limited

Abs Tiles Ltd, based in Manchester, UK, is a small, holding company with an active status. Founded eleven years ago in 2014, it employs 23 people and holds assets valued at £2,650,948. The company has three directors and is owned by Abs Group Holdings Ltd. It operates from a real address and regularly imports ceramic products (114 months, latest in February 2025), but exports are irregular (1 month, February 2020).

The company specializes in the retail sale of carpets, rugs, wall, and floor coverings, operating through a dedicated retail space. While a website isn’s available, its business model suggests a focus on in-person sales and potentially a local customer base.

Financially, Abs Tiles Ltd shows a mixed picture. Current assets increased by 14% to £2,700,000, while net assets rose 24% to £2,100,000. Cash reserves increased by 35% to £1,800,000. However, bank borrowings increased by 2,400% to £29,000, and trade debtors decreased by 98% to £570. Creditors increased by 19% to £1,100,000. The company meets two of the three conditions to be considered small (turnover under £10.2m, assets under £5.1m, fewer than 50 employees). No auditor is mentioned, which is likely due to its small size and exemption from an audit.

The company’s financial performance suggests it's navigating a period of growth, but the sharp increase in bank borrowings and decrease in trade debtors are worth noting. The rise in creditors also indicates a need to manage payment schedules effectively. While the company appears to be in a stable position, careful monitoring of cash flow and debt management will be crucial for continued success.

Registered in England/Wales under the registration number 08920246, with a registered address at M23 9WT, United Kingdom, Manchester, Unit 7 Millbook Industrial Estate, Floats Road.

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