Keith Payne Products Limited

Keith Payne Products Ltd, based in Bordon, UK, is a small, holding company with an active status, having been established 47 years ago. The company employs 15 people and holds assets valued at £1,029,215. It’s managed by three directors and owned by Polymax Holdings Ltd. The company has a real address and operates as both a regular importer and exporter. It regularly imports stone, plaster, cement, and similar material products (5 months imported), and exports rubber and rubber products (71 months exported).

The company's website is not available for review, making it difficult to assess its e-commerce presence or online sales strategy. It seems the company focuses on manufacturing other rubber products, and its activities are geared towards supplying raw materials and finished goods.

Financially, Keith Payne Products Ltd presents a mixed picture. While current assets increased by a modest 6.8% to £1,000,000, bank borrowings surged by a significant 2,400% to £29,000. Cash reserves decreased by 20% to £310,000. Creditors also increased by 37% to £420,000, suggesting a need for increased financing. Net assets declined by 7.8% to £660,000. The company’s small size—meeting two of three conditions for a small company—allows for flexibility, but the increased debt and declining equity are concerning. The company is exempt from an audit as a small company, so the financial statements are unaudited.

The rise in bank borrowings and the decrease in cash reserves could indicate that the company is investing in its operations or facing increased working capital needs. The increase in creditors suggests a reliance on trade credit, which, while common, can become a risk if not managed carefully. The company’s long history of importing and exporting suggests a well-established supply chain and customer base, but the financial data suggests that it’s facing some challenges in maintaining profitability.

Registered in England/Wales under the registration number 01354449, with a registered address at GU35 0FJ, England, Bordon, Building 75 Bordon Enterprise Park, Budds Lane.

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