Ab Textile London Ltd

Ab Textile London Ltd is a small, active company registered in London, UK. Founded five years ago in September 2019, it operates as a retail business selling fabrics and finished goods online and via mail order. With a single employee and £26,498 in assets, the company is led by a director and owner, Baykan Mehmet. The registered address, however, is a virtual one, shared by forty-five other companies.

The company’s website, abhome.co.uk, highlights its role as an established producer of fabrics and finished goods, supplying upholstery, cushion, and curtain markets since 2007. It emphasizes creating relevant products with the right feel and value for its customers. The site also features contact information and links to Fsn UK Ltd, a separate entity based in Manchester, which handles administrative and logistical support.

Financially, Ab Textile London Ltd presents a mixed picture. While cash reserves increased by 27% to £23,000, current assets experienced a 30% drop to £26,000. Bank borrowings decreased significantly by 39% to £18,000, and creditors also fell by 39% to £18,000. Equity, however, saw a dramatic increase of 1400%, reaching £1,700. The company's small size—meeting two of three criteria for a small company—allows for agility, but the equity surge, while positive, could indicate a one-off event. The accounts are unaudited, and no auditor is mentioned. Overall, the company seems to be holding its own, but the sudden changes in equity warrant further investigation.

Registered in England/Wales under the registration number 12233153, with a registered address at N4 1EY, England, London, First Floor 427 Green Lanes.

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