Freedom Ability Limited

Freedom Ability Ltd, based in Blackburn, UK, is a small, family-run holding company with an active status. Established sixteen years ago in 2008, it employs eleven people and holds assets valued at £635,542. The company operates from a real address and is overseen by two directors and three owners. It’s a regular importer, specializing in machinery, boilers, and mechanical appliances—parts, with the latest import activity recorded five months ago in July 2024.

The company’s website highlights its focus on providing seating, desking, storage, and specialist furniture for educational settings, emphasizing mobile, flexible designs. Operating from a purpose-built center in Blackburn, Freedom Ability serves the entire United Kingdom, offering both loose and fitted furniture for schools and laboratories. The fitted furniture range incorporates a unique F Track System, providing support and containment for services within the furniture—a modern aesthetic.

Financially, Freedom Ability Ltd presents a mixed picture. While current assets increased by a healthy 49% to £640,000, net assets only rose by 5% to £160,000. Bank borrowings decreased by 59% to £43,000, but cash reserves plummeted 90% to just £160. Creditors increased significantly by 82% to £470,000, and trade debtors rose 60% to £530,000—suggesting a reliance on customer payments. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain nimble, but the large increase in creditors could indicate a need for careful cash flow management. With no auditor mentioned, the figures are unaudited, and it’s likely the company is exempt from an audit as a small company. The decrease in cash reserves is something to keep an eye on.

Registered in England/Wales under the registration number 06675171, with a registered address at BB1 2PT, Blackburn, Lancashire, Unit 4c Sett End Road North, Shadsworth Business Park.

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