Absolute Garments Limited

Absolute Garments Limited, based in Middlesex, UK, is a small, active company established 22 years ago in 2003. It employs just three people and holds assets totaling £6,312,407. The business operates from a virtual address – 34 other companies are registered at the same location – and is led by two directors and a single owner, Khan Mohammad Tousif. The company is a irregular importer, primarily dealing in clothing and accessories made by knitting or crocheting, with its last import activity recorded way back in July 2017.

The company’s website highlights its specialization in officially licensed music and entertainment merchandise. Absolute Garments Limited partners with leading tour and merchandising companies, including Live Nation and Warner Music, and holds licensing agreements with agencies like IMG. It boasts a diverse music roster, featuring artists like Pink Floyd, Metallica, and Nirvana. The business offers design and production services, sourcing materials from Turkey, the Far East, and the UK, and even maintains its own t-shirt printing facility. The website showcases a portfolio of work, including collaborations with brands like Missguided and Asos, and features a range of licensed merchandise.

Financially, Absolute Garments Limited presents a mixed picture. Cash bank on hand increased by 28% to £1.6 million, while trade debtors decreased by 11% to £4.5 million. Creditors, however, have significantly decreased by 31% to £980,000, which is a good sign. The company's net assets have grown by 9.8% to £5.3 million, and current assets remained stable at £6.3 million. However, the company’s inventory has increased to £230,000, and there was a large increase in other taxation and social security payable. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 10 employees) helps it remain flexible, but the increase in other taxes and social security payable is something to keep an eye on. The accounts are unaudited, as is typical for a small company.

Registered in England/Wales under the registration number 04768508, with a registered address at HA2 0HY, Middlesex, 32 Byron Hill Road, Harrow On The Hill.

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