Absolute Solvents Limited

Absolute Solvents Ltd, based in Frome, UK, is a small, holding company with an active status, celebrating 25 years in operation. The company employs 18 people and holds assets valued at £3,058,157. With three directors and one owner, and a real registered address, it's a relatively straightforward organizational structure. Absolute Solvents operates as an irregular importer of miscellaneous chemical products, with one month of import activity recorded, and an irregular exporter of organic chemicals, with one month of export activity.

The company's primary focus is solvent recovery, as evidenced by its website. Absolute Solvents positions itself as a market leader in this field, offering a range of services including solvent laundering, purchase of used solvents, and disposal of waste solvents. They cater to industries like automotive refinishing, degreasing, and flexographic washout, offering a wide range of recovered and virgin solvents. Their website also highlights capabilities like distillation, wide-range product availability, and experienced operators.

Financially, Absolute Solvents Ltd shows a mixed picture. Current assets have increased by a substantial 26%, reaching £3.1 million, while net assets have also risen by 19%, now at £2.4 million. However, creditors have also increased by 3.4%, reaching £1.1 million. Bank borrowings have seen a significant jump, rising by 2,400% to £29,000. Cash reserves have improved by 77%, reaching £220,000. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the increase in creditors suggests a need to manage debt effectively. The accounts are unaudited, likely due to the company’s small size, and there is no auditor mentioned.

Overall, Absolute Solvents Ltd appears to be a stable, albeit small, business navigating the complexities of the solvent recovery market. The company's focus on specialized services and its commitment to quality could be key to its continued success, but careful management of its increasing debts will be essential.

Registered in England/Wales under the registration number 03942090, with a registered address at BA11 2FG, England, Frome, Somerset, K5 The Courtyard Jenson Avenue, Commerce Park.

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