Absolutely Top Limited

Absolutely Top Limited is a small, active company based in Bolton, UK, founded seven years ago in March 2018. The company, which employs just one person, holds £228,147 in assets and operates from a real address. With two directors and one owner, it’s a relatively lean operation. Accounts are currently overdue by two months, and confirmation is also overdue by twenty days.

The company’s website is currently undergoing maintenance, indicating a temporary pause in online activity. It's a little bit frustrating, but it happens. The site suggests the company operates in the retail sale via mail order houses or via internet industries.

Financially, Absolutely Top Limited presents a mixed picture. While current assets increased by 23% to £230,000, net assets plummeted 99% to just £260—a dramatic shift. Bank borrowings skyrocketed by 62,000% to £110,000, and cash reserves decreased by 4.6% to £86,000. Creditors also increased significantly, rising by 58% to £230,000. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the sharp equity drop is concerning. No auditor is mentioned, likely due to the company’s small size and exemption from an audit.

It seems like the company is burning through money, with liabilities increasing much faster than assets. The sudden increase in bank borrowings suggests a need for capital, perhaps to cover operational expenses or invest in growth. The directors will need to carefully manage these pressures to ensure the company’s long-term viability.

Registered in England/Wales under the registration number 11260594, with a registered address at BL1 8DL, England, Bolton, Unit 14, Bizspace 1, Mill 2 Halliwell Business Park, Rossini Street.

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