the absolute works ltd
the absolute works ltd Company Information
Company Number
02720226
Next Accounts
Mar 2025
Industry
Retail sale via mail order houses or via Internet
Video production activities
Directors
Shareholders
dianne laura parkes
nigel parkes
Group Structure
View All
Contact
Registered Address
45a station road, willington, bedford, bedfordshire, MK44 3QL
Website
absoluteworks.co.ukthe absolute works ltd Estimated Valuation
Pomanda estimates the enterprise value of THE ABSOLUTE WORKS LTD at £26.6k based on a Turnover of £72.9k and 0.37x industry multiple (adjusted for size and gross margin).
the absolute works ltd Estimated Valuation
Pomanda estimates the enterprise value of THE ABSOLUTE WORKS LTD at £6.5k based on an EBITDA of £2.7k and a 2.45x industry multiple (adjusted for size and gross margin).
the absolute works ltd Estimated Valuation
Pomanda estimates the enterprise value of THE ABSOLUTE WORKS LTD at £0 based on Net Assets of £-35k and 1.78x industry multiple (adjusted for liquidity).
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The Absolute Works Ltd Overview
The Absolute Works Ltd is a live company located in bedford, MK44 3QL with a Companies House number of 02720226. It operates in the retail sale via mail order houses or via internet sector, SIC Code 47910. Founded in June 1992, it's largest shareholder is dianne laura parkes with a 50% stake. The Absolute Works Ltd is a mature, micro sized company, Pomanda has estimated its turnover at £72.9k with healthy growth in recent years.
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The Absolute Works Ltd Health Check
Pomanda's financial health check has awarded The Absolute Works Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
7 Weak
Size
annual sales of £72.9k, make it smaller than the average company (£953.7k)
- The Absolute Works Ltd
£953.7k - Industry AVG
Growth
3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (8%)
- The Absolute Works Ltd
8% - Industry AVG
Production
with a gross margin of 26.3%, this company has a higher cost of product (49.1%)
- The Absolute Works Ltd
49.1% - Industry AVG
Profitability
an operating margin of 3.7% make it less profitable than the average company (6.2%)
- The Absolute Works Ltd
6.2% - Industry AVG
Employees
with 1 employees, this is below the industry average (11)
1 - The Absolute Works Ltd
11 - Industry AVG
Pay Structure
on an average salary of £37.6k, the company has an equivalent pay structure (£37.6k)
- The Absolute Works Ltd
£37.6k - Industry AVG
Efficiency
resulting in sales per employee of £72.9k, this is less efficient (£125.5k)
- The Absolute Works Ltd
£125.5k - Industry AVG
Debtor Days
it gets paid by customers after 52 days, this is later than average (38 days)
- The Absolute Works Ltd
38 days - Industry AVG
Creditor Days
its suppliers are paid after 341 days, this is slower than average (38 days)
- The Absolute Works Ltd
38 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- The Absolute Works Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - The Absolute Works Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 286.3%, this is a higher level of debt than the average (68.1%)
286.3% - The Absolute Works Ltd
68.1% - Industry AVG
THE ABSOLUTE WORKS LTD financials
The Absolute Works Ltd's latest turnover from June 2023 is estimated at £72.9 thousand and the company has net assets of -£35 thousand. According to their latest financial statements, The Absolute Works Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||||||||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | ||||||||||||||
| Interest Payable | ||||||||||||||
| Interest Receivable | ||||||||||||||
| Pre-Tax Profit | ||||||||||||||
| Tax | ||||||||||||||
| Profit After Tax | ||||||||||||||
| Dividends Paid | ||||||||||||||
| Retained Profit | ||||||||||||||
| Employee Costs | ||||||||||||||
| Number Of Employees | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 8,300 | 10,304 | 3,502 | 3,167 | 6,327 | 12,545 | 16,992 | 21,763 | 28,131 | 5,592 | 1,684 | 2,314 | 2,990 | 3,634 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 8,300 | 10,304 | 3,502 | 3,167 | 6,327 | 12,545 | 16,992 | 21,763 | 28,131 | 5,592 | 1,684 | 2,314 | 2,990 | 3,634 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 10,495 | 7,836 | 14,120 | 1,737 | 4,310 | 477 | 2,570 | 3,081 | 2,126 | 12,979 | 1,575 | 520 | 3,515 | 7,261 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7,106 | 2,215 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 10,495 | 7,836 | 14,120 | 1,737 | 4,310 | 477 | 2,570 | 3,081 | 2,126 | 12,979 | 1,575 | 7,626 | 5,730 | 7,261 |
| total assets | 18,795 | 18,140 | 17,622 | 4,904 | 10,637 | 13,022 | 19,562 | 24,844 | 30,257 | 18,571 | 3,259 | 9,940 | 8,720 | 10,895 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 50,297 | 50,207 | 43,105 | 40,607 | 43,187 | 43,402 | 40,339 | 38,378 | 38,091 | 18,502 | 10,853 | 11,381 | 8,378 | 10,378 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 50,297 | 50,207 | 43,105 | 40,607 | 43,187 | 43,402 | 40,339 | 38,378 | 38,091 | 18,502 | 10,853 | 11,381 | 8,378 | 10,378 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 3,510 | 4,940 | 6,240 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 3,510 | 4,940 | 6,240 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 53,807 | 55,147 | 49,345 | 40,607 | 43,187 | 43,402 | 40,339 | 38,378 | 38,091 | 18,502 | 10,853 | 11,381 | 8,378 | 10,378 |
| net assets | -35,012 | -37,007 | -31,723 | -35,703 | -32,550 | -30,380 | -20,777 | -13,534 | -7,834 | 69 | -7,594 | -1,441 | 342 | 517 |
| total shareholders funds | -35,012 | -37,007 | -31,723 | -35,703 | -32,550 | -30,380 | -20,777 | -13,534 | -7,834 | 69 | -7,594 | -1,441 | 342 | 517 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | ||||||||||||||
| Depreciation | 8,759 | 8,264 | 1,903 | 630 | 801 | 997 | 1,211 | |||||||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Tax | ||||||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 2,659 | -6,284 | 12,383 | -2,573 | 3,833 | -2,093 | -511 | 955 | -10,853 | 11,404 | 1,055 | -2,995 | -3,746 | 7,261 |
| Creditors | 90 | 7,102 | 2,498 | -2,580 | -215 | 3,063 | 1,961 | 287 | 19,589 | 7,649 | -528 | 3,003 | -2,000 | 10,378 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -1,430 | -1,300 | 6,240 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | ||||||||||||||
| cash flow from financing | ||||||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -7,106 | 4,891 | 2,215 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -7,106 | 4,891 | 2,215 | 0 |
the absolute works ltd Credit Report and Business Information
The Absolute Works Ltd Competitor Analysis
Perform a competitor analysis for the absolute works ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other micro companies, companies in MK44 area or any other competitors across 12 key performance metrics.
the absolute works ltd Ownership
THE ABSOLUTE WORKS LTD group structure
The Absolute Works Ltd has no subsidiary companies.
Ultimate parent company
THE ABSOLUTE WORKS LTD
02720226
the absolute works ltd directors
The Absolute Works Ltd currently has 1 director, Mrs Dianne Parkes serving since Jun 1992.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Dianne Parkes | England | 59 years | Jun 1992 | - | Director |
P&L
June 2023turnover
72.9k
+4%
operating profit
2.7k
0%
gross margin
26.4%
-2.3%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
-35k
-0.05%
total assets
18.8k
+0.04%
cash
0
0%
net assets
Total assets minus all liabilities
the absolute works ltd company details
company number
02720226
Type
Private limited with Share Capital
industry
58190 - Other publishing activities
47910 - Retail sale via mail order houses or via Internet
59112 - Video production activities
incorporation date
June 1992
age
33
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
June 2023
previous names
plus partnership limited (November 1998)
accountant
-
auditor
-
address
45a station road, willington, bedford, bedfordshire, MK44 3QL
Bank
-
Legal Advisor
-
the absolute works ltd Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We did not find charges/mortgages relating to the absolute works ltd.
the absolute works ltd Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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the absolute works ltd Companies House Filings - See Documents
| date | description | view/download |
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