ABSOLUTELY FABRICS UK LIMITED Financials
- Company number
- 05524010CopyCopy
- Registered office
- C/O Frank Robinson The Axis Building, Maingate, Kingsway North, Team Valley Trading Estate, Gateshead NE11 0NQ
- Incorporated
- 01/08/2005
Company snapshot
- Status
- Active
- Employees
- 8 (2024)
- Latest financial data
- 2024
- Accounts type
- Total Exemption Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
-250.20%vs 20232023: £7.11K
Total Assets
-11.08%vs 20232023: £264.22K
Cash in Bank
-68.24%vs 20232023: £33.20K
Total Liabilities
-4.21%vs 20232023: £198.28K
Employees
+1vs 20232023: 7
In 2024, ABSOLUTELY FABRICS UK LIMITED reported net assets of £-10.69K. The same filing shows total assets of £234.96K, cash in bank of £10.54K and total liabilities of £189.93K. Reported headcount was 8 in 2024. Total Assets fell from £264.22K in 2023 to £234.96K in 2024 (-11.08%). Okredo holds filed figures for 2021–2024; the table below lists every reported indicator by year. See every reported indicator by year.
Financial performance
Pick a measure to see how it has moved across the reported years, with the year-on-year change beneath it.
Net Assets
-250.20%from £7.11K in 2023Year-on-year change
Net Assets as filed for 2021–2024. Every figure in this chart is also in the financial history table.
3-year financial trend (2022–2024)
How the figures ABSOLUTELY FABRICS UK LIMITED filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
-560%vs 2022Cash in Bank
-56%vs 2022-33.7% a year compound (CAGR)
Employees
-20%vs 2022-2Biggest decrease
Net Assets-560%
£2.33K in 2022 to £-10.69K in 2024
Every indicator Okredo holds for ABSOLUTELY FABRICS UK LIMITED fell between 2022 and 2024. The steepest fall came in net assets, pointing to a weakening balance sheet, with cash in bank and employee numbers falling alongside it. See the full year-by-year figures.
Ratios from the filed figures
Calculated from ABSOLUTELY FABRICS UK LIMITED's own reported amounts, each shown against the year it was derived from — nothing here is estimated or industry-averaged.
- Net assets to total assets
- -4.55%2024
- Reported net assets divided by reported total assets, for the latest year both were filed. Shows how much of the asset base is not financed by liabilities.
- Liabilities to total assets
- 80.84%2024
- Total liabilities divided by reported total assets, for the latest year both were available. Shows how much of the asset base is funded by obligations.
- Cash to liabilities
- 5.55%2024
- Reported cash in bank divided by total liabilities for the same year. Shows what share of outstanding obligations the reported cash balance would cover.
- Cash to total assets
- 4.49%2024
- Reported cash in bank divided by reported total assets, for the latest year both were filed.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for ABSOLUTELY FABRICS UK LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Net Assets£ | 271.00 | 2.33K | 7.11K | -10.69K |
| Total Assets£ | 189.16K | – | 264.22K | 234.96K |
| Cash in Bank£ | – | 23.98K | 33.20K | 10.54K |
| Total Liabilities£ | 188.89K | – | 198.28K | 189.93K |
| Employees | 9 | 10 | 7 | 8 |
ABSOLUTELY FABRICS UK LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for ABSOLUTELY FABRICS UK LIMITED covering 2021–2024, across 5 reported indicators. The most recent reported year is 2024.
ABSOLUTELY FABRICS UK LIMITED reported net assets of £-10.69K for 2024. That compares with £7.11K in 2023, a change of -250.20%.
ABSOLUTELY FABRICS UK LIMITED reported total assets of £234.96K for 2024. That compares with £264.22K in 2023, a change of -11.08%.
ABSOLUTELY FABRICS UK LIMITED reported cash in bank of £10.54K for 2024. That compares with £33.20K in 2023, a change of -68.24%.
ABSOLUTELY FABRICS UK LIMITED reported 8 employees in 2024, compared with 7 in 2023.
Between 2022 and 2024, ABSOLUTELY FABRICS UK LIMITED's net assets fell by 560%, cash in bank fell by 56% and employee numbers fell by 20%. Cash in bank contracted at 33.7% a year across the two years to 2024, from £23.98K to £10.54K. Reported headcount went from 10 in 2022 to 8 in 2024 (-2).
Okredo holds reported figures for the years 2021, 2022, 2023, 2024. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.