Foremost Products Ltd.

Foremost Products Ltd, based in Glasgow, UK, is a small, family-run business with an active status. Established sixteen years ago, it employs seven people and holds £196,876 in assets. The company has four directors and three owners, and operates from a real address. It’s a regular importer of footwear and related items, with 51 months of import activity recorded, and a irregular exporter with just two months of activity.

The company’s website, Foremost Products, focuses on supplying the hospitality industry, offering a wide range of hotel supplies, restaurant equipment, and promotional products. It operates an e-commerce site and emphasizes competitive pricing, 48-hour delivery, and a best-price guarantee. The website also highlights a history of over 25 years of experience and a strong focus on customer service.

Financially, Foremost Products Ltd presents a mixed picture. While bank borrowings decreased by a significant 17%, cash reserves fell dramatically by 79%, leaving just £27,000. Current assets also declined by 33% to £200,000. Creditors decreased by 19%, suggesting improved debt management, and net assets increased by 410% to £11,000. Trade debtors decreased by 23%, which is good. 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 it to remain flexible. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

Overall, Foremost Products Ltd appears to be navigating a period of change. While it maintains a strong online presence and caters to a specific industry niche, the decline in cash reserves and current assets warrants close monitoring.

Registered in Scotland under the registration number SC355266, with a registered address at G15 8TE, Glasgow, Lanarkshire, Unit 7, 42 Dalsetter Avenue.

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