Absolutt Joinery Limited

Absolutt Joinery Limited, based in London, UK, is a small, active company established thirteen years ago. Employing just two individuals, it boasts a 5.0-star Google rating from five reviews and operates from a real address at 14a Johnsons Way. With two directors and one owner, the business is a regular importer of electrical machinery and equipment, with three months of import activity recorded as of April 2024. The company specializes in bespoke joinery, as highlighted on its website, infoabsolutt.co.uk, offering services ranging from 3D visualization to kitchen and bathroom furnishings.

The website showcases a portfolio of high-end joinery projects, emphasizing craftsmanship and collaboration with architects and interior designers. It’s clear the company targets a premium market, offering services like piano restoration and disaster recovery for damaged instruments, alongside its core joinery installation work. This dual focus—joinery and piano restoration—suggests a diversified business model aiming to capitalize on multiple revenue streams.

Financially, Absolutt Joinery Limited presents a mixed picture. Accumulated depreciation on computer equipment increased by 32%, while plant machinery rose by 9.7%. Bank borrowings remained steady at £45,000, but overdrafts vanished completely, a positive sign. However, retained earnings and accumulated losses took a significant hit, dropping by 540%, and net assets declined by 43% to £85,000. Creditors increased by 30%, and a substantial £61,000 in other creditors appeared, which could be a cause for concern. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the decrease in equity suggests a need for careful financial management. No auditor is mentioned, consistent with its status as a small, exempt company. The sudden drop in total inventories to zero is also something to note.

Registered in England/Wales under the registration number 07764989, with a registered address at NW10 7PF, London, 14a Johnsons Way.

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