Absolute Horsepower Limited

Absolute Horsepower Ltd, based in Taunton, UK, is a small, active company established 19 years ago. With just one employee and £110,285 in assets, it operates from a virtual address shared by 35 other companies, raising some questions about its physical presence. The company is led by two directors and has one owner, Hale Anthony John. It’s a regular importer, specializing in vehicles, parts, and accessories—though its import activity has been limited to just three months, with the last operation occurring in May 2021.

The company’s website showcases a unique specialization: building and restoring Cobra cars. It offers turnkey Cobra recreations, pre-owned Cobra sales, and even prestige car transport services. Notably, it has built a Cobra for UK recording artist John Newman, marking a significant milestone and attracting attention. The company also functions as an official UK build agent for AK Sportscars, further solidifying its reputation within the kit car community. The site also reveals a growing business in restoring pianos.

Financially, Absolute Horsepower Ltd presents a mixed picture. Accumulated depreciation for plant machinery has increased by 23%, while cash bank on hand has decreased by 16% to £54,000. Bank borrowings have fallen significantly, down 47% to £6,000, and creditors have also decreased by 47%. However, debtors have surged, increasing by 360% to £25,000. Equity has seen a dramatic increase, up 510% to £9,500, which is a positive sign. Despite the increase, net current assets and liabilities have decreased. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the significant increase in debtors warrants closer monitoring. The company is exempt from an audit, and the financial statements are unaudited.

Registered in England/Wales under the registration number 05774410, with a registered address at TA1 4AW, England, Taunton, Somerset, Unit C, Corporation Street.

WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.