P.best(london) Ltd

P. Best (London) Ltd, based in Bromley, UK, is a small, active company founded three years ago. With three employees and £215,164 in assets, it operates from a virtual address—a detail flagged by the presence of 202 other companies registered at the same location. The business is led by a solo founder and director, Mitchell Paul. It’s a regular importer, specializing in toys, games, and sports equipment, with recent activity recorded in December 2024.

The company’s website showcases a diverse range of home décor items, including flowers, trees, plants, ceramics, planters, and tin metal décor. It caters to both retail and wholesale customers, offering a wide selection of products. A trade account is required to view the full product list, suggesting a business-to-business focus. The site also features a "contact us" section and social media links, indicating an effort to engage with potential clients.

Financially, P. Best (London) Ltd presents a mixed picture. Cash bank on hand has drastically decreased by 93%, dropping to just £1,200. Current assets, however, have grown by 33%, reaching £220,000. Bank borrowings have eased, decreasing by 18%, and creditors have significantly reduced by 36%. The company’s net assets, however, remain negative, standing at -£10,000—a substantial change from the previous year. Trade debtors have also fallen, suggesting better collection practices. 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 declining equity is a cause for concern. The accounts are unaudited, and no auditor is mentioned, which is typical for small companies.

While the company’s website suggests a focus on home decor and wholesale trade, the financial data reveals a business navigating challenges. The reduction in cash reserves and negative net assets indicate a potential need to manage expenses and increase revenue—although the decrease in creditors is a positive sign.

Registered in England/Wales under the registration number 14048371, with a registered address at BR1 3QD, England, Bromley, 24 Scotts Road.

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