Creative Promotions Limited

Creative Promotions Ltd, based in Motherwell, UK, is a small holding company with an active status, having operated for 54 years. The company employs just four people and holds £247,201 in assets, though its registered address is a virtual one, shared by many other businesses. It’s led by one director and one owner, and while it’s a regular exporter of clothing and accessories made by knitting or crocheting (spanning 21 months), its import activity is more sporadic, with just two months of importing jewelry, precious stones, and metals recorded.

The company's website showcases a wide range of promotional products, from confectionery and writing instruments to clothing and glassware. It operates primarily as an online retailer, offering branded merchandise for businesses and events. A key feature is its ability to print custom logos and designs on a variety of items, catering to diverse promotional needs. The site also highlights eco-friendly options, reflecting a growing consumer demand for sustainable products.

Financially, Creative Promotions Ltd presents a mixed picture. While current assets increased by 15% to £250,000, net losses deepened to -£16,000, and cash reserves fell 74% to just £18,000. Trade debtors surged by 61%, indicating potential challenges in collecting payments, and creditors rose by 5%, suggesting increased reliance on credit. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the significant loss and depleted cash reserves are concerning. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

The company's website also mentions a partnership with Ecologi, indicating a commitment to environmental sustainability. This, coupled with the wide range of products and customisation options, suggests a focus on providing comprehensive promotional solutions. It's clear that Creative Promotions Ltd is navigating a competitive market, and its future success will depend on its ability to manage its finances and adapt to changing consumer trends.

Registered in Scotland under the registration number SC048464, with a registered address at ML1 1XA, Scotland, Motherwell, Oakfield House, 378 Brandon Street.

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