Advance Pm Ltd

Advance PM Ltd, based in Ramsgate, UK, is a small, active company founded eight years ago. With eight employees and £2,591,461 in assets, it operates from a virtual address – a detail flagged by the fact that 401 companies are registered at the same location. The company is led by two directors and has one owner, Privett Darell. It’s an irregular importer, primarily dealing in stone, plaster, cement, and similar material products, with the last import recorded just one month ago in February 2024.

The company’s website paints a picture of a specialist building maintenance and refurbishment firm. Advance PM Group offers a wide range of services, from initial planning and design to fit-outs, regeneration, and reactive maintenance. They cater to clients in the retail, commercial, hospitality, and education sectors, boasting a portfolio of projects including work for well-known brands like Miller Carter, Ivy Brasserie, and The Landmark Hotel. Their website highlights a focus on quality workmanship, experienced tradesmen, and a dedicated back office team, aiming to deliver a reliable national maintenance service. They even have testimonials from satisfied clients praising their attention to detail and professionalism.

Financially, Advance PM Ltd’s recent performance shows a mixed bag. While current assets increased by a respectable 32% to £2,600,000, net assets declined by 6.2% to £210,000. Bank borrowings have risen significantly, increasing by 66% to £100,000, and cash reserves have grown by a modest 9% to £130,000. Creditors have also increased, jumping 30% to £2,200,000, and trade debtors have fallen by a significant 48% to £470,000. The company's small size—meeting two of three criteria for being considered small—allows for agility, but the increase in debt and decline in equity may indicate some financial pressures. As a small company, it’s exempt from an audit, so the financial statements are unaudited. It seems that the company is holding steady, but the rising debt levels should be monitored closely.

Registered in England/Wales under the registration number 10623644, with a registered address at CT12 6SJ, England, Ramsgate, Kent, 424 Margate Road Westwood.

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