Absolute Engineering Limited

Absolute Engineering Ltd from Huddersfield UK is a small holding company with an active status, having been founded twenty years ago in 2004. The company employs thirty-three people and holds £2,915,099 in assets. It has a real address and is governed by four directors and four owners. The business is an irregular importer of machinery, boilers, and mechanical appliances; parts, with just two months of import activity recorded, and a regular exporter of the same, with a substantial 390 months of export activity.

The company operates in the manufacture of other special-purpose machinery n.e.c. industries. It’s a small company, meeting two of three conditions: turnover less than £10.2 million, balance sheet less than £5.1 million, and fewer than 50 employees. While no website is available, the company's financial data offers a more detailed picture.

Absolute Engineering Ltd’s financial health shows some concerning trends. Accumulated amortisation impairment intangible assets increased by 110%, and depreciation impairment property plant equipment rose by 7.3%. However, cash bank on hand decreased by 7.6%, and corporation tax recoverable fell by 51.0%. Creditors decreased by 17.0%, which is a positive sign. Despite a decline in net assets, the company’s overall assets increased by 6.2%. The company’s net losses deepened, but bank borrowings surged by 2,400%, reaching £29,000.

The company’s director signing financial statements is Mr J C Burgess, and the auditor was Mitchell Charlesworth (Audit) Limited. It’s likely the company is exempt from having its accounts audited. The financial data suggests a period of investment and expansion, but also highlights potential cash flow challenges. Whether this is a temporary fluctuation or a longer-term trend remains to be seen.

Registered in England/Wales under the registration number 05267572, with a registered address at HD8 9GA, Huddersfield, Unit 5 Standback Way, Skelmanthorpe.

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