Accu Limited

Accu Ltd, a medium-sized holding company based in Huddersfield, UK, has been active for thirteen years, employing 101 people. The company holds assets worth £3,436,374 and generates a yearly revenue of £10,909,559. It operates from a real address and is managed by six directors, with one owner reported. Accu Ltd runs an e-commerce site and regularly imports and exports iron or steel products, having imported for 92 months and exported for 303 months.

The company’s activities center around retail sales via mail order and internet, with a focus on the import and export of iron and steel products. This suggests a business model reliant on international trade and online sales channels. The presence of a holding company structure indicates potential involvement in other related businesses, although details remain unclear.

Financially, Accu Ltd presents a mixed picture. Current assets have decreased by 0.61% to £3,400,000, while net assets have declined by 48% to £640,000. Bank borrowings have fallen by 38% to £190,000, and cash reserves have increased by 34% to £660,000. Despite a drop in turnover by 19% to £11,000,000, the company managed to turn a profit, with net assets increasing to £520,000. Staff costs decreased by 25%, and administrative expenses saw a significant drop of 34%. The company’s size qualifies it as a medium-sized business, meeting two of three criteria. The lack of an auditor is likely due to its size, meaning the financial statements are unaudited.

The trends suggest Accu Ltd is navigating a challenging economic climate. While revenue has decreased, the company has managed to reduce costs and improve cash flow. The decrease in administrative expenses and staff costs could indicate efforts to streamline operations, however, the drop in turnover is a concern. The company’s ability to maintain profitability despite these pressures suggests a resilient business model.

Registered in England/Wales under the registration number 08016434, with a registered address at HD9 6QA, England, Huddersfield, West Yorkshire, Hope Bank Works New Mill Road, Holmfirth.

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