Binding Products Limited

Binding Products Limited is a small, active company based in London, UK, founded sixteen years ago in 2009. With £75,651 in assets and a real registered address, it's a solo-founded operation run by a single director and owner, Brooks Freddie Sylvester. The business operates an e-commerce site, and is involved in the printing and binding industries. It regularly imports paper and paperboard products, with three months of import activity recorded as of September 2017.

The company’s website is not available, so it’s difficult to determine the exact nature of its e-commerce operations. However, given its involvement in printing and binding, it likely offers a range of products and services related to these areas.

Financially, Binding Products Limited presents a mixed picture. Current assets have increased by 26% to £76,000, while cash reserves have also increased by 100% to £3,500. However, creditors have increased by 16% to £300,000, and net losses deepened to -£230,000. Trade debtors have also increased by 26% to £69,000. The company meets two of three conditions to be considered small: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. With no auditor mentioned (likely exempt as a small company), the unaudited figures rely on director-reported data.

While the company has increased its assets, the significant losses and high level of creditors suggest it’s burning through money. The increase in trade debtors could indicate difficulties collecting payments, or a strategy to boost sales through extended credit terms. It's possible the company is investing in growth, but the lack of profitability is a concern.

Registered in England/Wales under the registration number 06866420, with a registered address at SW1Y 4EL, England, London, Fifth Floor, Clareville House 26-27 Oxendon Street, St James's.

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