Absolute Board Co. Limited

Absolute Board Co. Ltd, based in Eastleigh, UK, is a small, active company established twelve years ago in 2012. With just two employees and £4,663,297 in assets, it’s a solo-founded operation led by two directors and one owner. The company regularly imports and exports toys, games, and sports equipment—nineteen months of import activity and twenty-nine months of export activity recorded, the latest import in August 2024.

The company’s website, Absolute Board Co., operates as a distributor of surf, skate, lifestyle, and fashion brands, selling products in over sixty countries worldwide. It owns and distributes well-known brands like Penny Skateboards, ZFlex Skateboards, and Ookkie Skateboards, with offices and production facilities spanning Australia, the UK, the USA, China, and Taiwan. The company’s story begins with a five-year-old boy’s discovery of an old skateboard, sparking a lifelong passion for skateboarding and leading to the creation of the company. The website highlights the brands’ commitment to quality, innovation, and British craftsmanship.

Financially, Absolute Board Co. Ltd shows a mixed picture. Current assets decreased by 5.3% to £4,700,000, while net assets increased by 5.2% to £1,000,000. Bank borrowings remained stable, and cash reserves increased by 27% to £38,000. Creditors decreased by 8%, suggesting improved debt management. Trade debtors decreased by 2.5%, while trade creditors decreased by 8%. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the slight decrease in assets is something to keep an eye on. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company's focus on importing and exporting specialized sports equipment, combined with its global reach, suggests a niche market strategy. While the financials are generally stable, the slight decrease in assets warrants monitoring as the company continues to navigate the competitive landscape.

Registered in England/Wales under the registration number 08130948, with a registered address at SO50 9YA, England, Eastleigh, Unit 2, M3 Trade Park, Manor Way.

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