Industrial Abrasives Limited
- Small
- Active
- 45 years
- 4 employees
- £100,146 (assets)
- Virtual address
- 4 directors
- 1 owner
- Regular importer
- Regular exporter
Two conditions of three:
1.Turnover < £10.2 million
2.Balance sheet total < £5.1 million
3.Average number of employees < 50
Field of Operation
Website
Summary
Industrial Abrasives Ltd, based in Ringwood, UK, is a small, active company established 44 years ago in 1980. With four employees and £100,146 in assets, it operates from a virtual address – a point to note as 78 companies are registered at the same location. The company is run by four directors and owned by Dawe Steven Thomas. It’s been importing jewelry, precious stones, and metals for 17 months, and exporting them for 12 months, indicating a focus on the trade of these goods.
The company’s website showcases a comprehensive range of abrasive products, including sanding belts, sheets, drums, and sleeves, catering to industrial and commercial customers. It operates an online store, offering various options for purchasing these products, including a “buy 1 dozen belts, get 12 free” promotion. The website also provides customer support information and details about its products, suggesting a focus on direct sales and customer service.
Financially, Industrial Abrasives Ltd presents a mixed picture. While current assets increased by 34% to £100,000, net assets decreased by 52% to -£160,000, a significant drop. Bank borrowings decreased by -4.6% to £26,000, and cash reserves increased by 92% to £27,000. Creditors increased by 54% to £230,000, and trade debtors increased by 27% to £68,000. The company's small size—meeting two of three criteria for a small company—allows for flexibility, but the equity decline warrants attention. As a small company, it is exempt from an audit, so the financial information is unaudited.
Overall, Industrial Abrasives Ltd appears to be a long-standing business facing typical challenges for a small company. Its focus on abrasive products and online sales suggests a targeted approach, but the financial trends indicate a need for careful management.
Registered in England/Wales under the registration number 01501560, with a registered address at BH24 1EL, United Kingdom, Ringwood, Hampshire, 1a Kingsbury's Lane.
WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Owners & PSC
-
Individual
- 7 years
- 1
- 25%+
-
Resident of United Kingdom
Managers
-
Individual
- N/A
-
Resident of United Kingdom
-
Individual
- N/A
-
Resident of United Kingdom
-
Individual
- N/A
-
Resident of United Kingdom
-
Individual
- 20 years
- 1
-
Resident of United Kingdom
Last reports
The latest confirmation statement submitted six months ago.
Last news
-
Confirmation statement made on 2025-01-02 with updatesDownload 5 pages pdf report
-
Total exemption full accounts made up to 2024-03-31Download 8 pages pdf report
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Confirmation statement made on 2024-01-02 with updatesDownload 5 pages pdf report
Importer profile by HS codes
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Last imported products
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Exporter profile by HS codes
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Last exported products
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Similar exporters
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FAQ about Industrial Abrasives Limited
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