Absb Properties Limited

Absb Properties Limited, based in Lamberhurst, Kent, UK, is a small, family-run business with an active status. Founded thirteen years ago in 2011, the company employs just two people and holds £67,126 in assets. It operates from a real address and is managed by two directors and owners. Boasting a stellar 5.0 Google rating from 26 reviews, Absb Properties is an irregular importer, primarily dealing in meat and edible meat offal, with its last import activity recorded two months ago in March 2022.

The company's website, ABS Properties Estate Agents Oldham, highlights its services as a sales, lettings, and admin agency. It emphasizes a modern, quality service, rooted in community knowledge and focused on fulfilling landlord needs. The firm is a member of several industry associations, including the National Residential Landlord Association and Zoopla, and advertises a range of properties for sale and to rent in Oldham. The site also features a blog and popular searches for properties, demonstrating a focus on online marketing and customer engagement.

Financially, Absb Properties Limited presents a mixed picture. While the company is small, meeting two of three criteria for a small company (turnover under £10.2m, assets under £5.1m, and fewer than 25 employees), its recent financial data reveals some concerning trends. Cash bank on hand plummeted 67%, dropping from £140,000 to £48,000. Current assets also experienced a significant decrease, falling 59% to £67,000. Conversely, creditors remained constant at £1.7 million, and equity increased 66% to £210,000. Trade debtors were consistent, and net assets rose to £210,000. The company’s net current liabilities, however, increased by 6.2% to -£1.6 million, suggesting a reliance on borrowing. As a small company, it is exempt from an audit, and the financial statements are unaudited.

These figures suggest that while the company may be generating revenue, it’s burning through cash at a concerning rate. The increased reliance on borrowing could indicate a need for additional funding or a need to improve cash flow management. The stable equity, however, suggests that the owners remain committed to the business, despite the financial pressures.

Registered in England/Wales under the registration number 07691220, with a registered address at TN3 8BG, England, Kent, The Carriage House Bayham Abbey, Lamberhurst.

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