Abstrakt Services Limited

Abstrakt Services Ltd from Leicester, UK, is a small, family-run business with an active status, established 37 years ago. Employing 56 people, the company holds £404,877 in assets and operates from a virtual address – a point to note as 112 companies are registered at the same location. It’s managed by three directors and owned by two individuals. The company is irregular importer of printed materials like books, newspapers, and pictures (2 months imported) and irregular exporter of miscellaneous food products (2 months exported).

The company’s primary focus is order fulfilment services, as evidenced by its website, Abstrakt Fulfilment. It provides warehousing, pick, pack, and dispatch services, catering to both B2B and B2C clients. They offer European order fulfilment, Amazon FBA preparation, and even subscription box services – a service they’ve been providing for 30 years. The website highlights a focus on trusted and reliable service, aiming to be a valued partner to its clients. Some of their clients, like Eaglemoss Publishing Group, praise their consistent quality and flexibility.

Financially, Abstrakt Services Ltd presents a mixed picture. Current assets have decreased by 28% to £400,000, while net assets have fallen by 1.1% to £1,000,000. Bank borrowings have decreased by 27% to £240,000, and cash reserves have increased by 7.1% to £4,500. Trade debtors have decreased by 36% to £290,000. The company meets the criteria for a small company, with a turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The decrease in debtors suggests better debt management, but the drop in current assets warrants further observation. As a small company, it is exempt from an audit, and the figures are unaudited.

The company’s financial data indicates a period of adjustment. While bank borrowings have decreased, the decline in current assets and net assets suggests that the company is burning through cash, although not at an alarming rate. The continued focus on order fulfilment, particularly with Amazon FBA preparation, seems to be a core strategy for growth, but the company will need to manage its cash flow carefully to sustain its operations.

Registered in England/Wales under the registration number 02232001, with a registered address at LE1 7BA, United Kingdom, Leicester, 30 Nelson Street.

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