Ab Commercials Ltd

AB Commercials Ltd, based in Halifax, UK, is a small, active company founded nine years ago. With a single director and owner – Hitchen Toni – and just one employee, it’s a solo operation managing £111,189 in assets. The company, which has a real registered address, is currently overdue on its accounts and confirmation statements by three and four years respectively. It operates as an irregular importer of electrical machinery and equipment, with one month of import activity recorded, and exports machinery parts for two months.

The company’s website paints a different picture: AB Commercial Ltd is a renovation, carpentry, painting, and cleaning service provider. It emphasizes quality, care, and exceeding customer expectations, offering services ranging from residential to commercial projects. The site showcases a portfolio of completed work, highlighting expertise in areas like painting, carpentry, and tile installation. It also features a blog and testimonials, reinforcing its commitment to customer satisfaction.

Financially, AB Commercials Ltd presents a mixed bag. Current assets have decreased significantly by 51%, falling to £110,000, while creditors have also dropped by 34%, settling at £220,000. Bank borrowings have vanished entirely, reducing from £71,000 to zero, and cash reserves have plummeted by 87%, leaving just £76,000. Equity has also suffered, decreasing by 59% to £1,100. 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 sharp decline in equity and cash reserves raises concerns. The company is exempt from an audit, relying on unaudited statements.

The sudden drop in cash reserves, combined with the overdue accounts and confirmation statements, suggests potential financial strain. While the website projects a thriving service business, the underlying financials indicate a company that may be burning through money. The lack of bank borrowings could indicate a reliance on trade credit, which could be a risky strategy.

Registered in England/Wales under the registration number 09841464, with a registered address at FY2 0QX, Bispham, Lancashire, Unit 4a Fox Industrial Estate, Holyoake Avenue.

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