P1 Retail Ltd

P1 Retail Ltd is a small, active company based in Telford, UK, founded four years ago. It operates an e-commerce site and is led by one director and two owners. With just £31 in assets and a virtual address shared by 49 other companies, it’s a compact operation. The company specializes in retail sale via mail order houses or via internet.

The company’s website, P1 Plastering Superstore, is a comprehensive online retailer of plastering tools, rendering supplies, and machinery. It caters to professional plasterers, offering a wide range of products from trowels and floats to power tools and rendering machines. The site emphasizes next-day delivery, expert advice, and a comprehensive stock portfolio, including brands like P1 Tools, NELA, Mtec, and Kosner. It even boasts exclusive distribution rights for certain brands and has become the official dealer for Putzmeister Mortar Machines in the Southwest. The site also offers a free trucker cap and t-shirt for spending over £100 and £150 respectively.

Financially, P1 Retail Ltd presents a concerning picture. Cash bank on hand has plummeted by 97%, dropping to just £31, while current assets have fallen by a staggering 99% to £31. Net assets and liabilities have both doubled to -£5,000, and trade creditors remain relatively stable. 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 dramatic decline in equity suggests financial strain. The accounts are unaudited and described as “filleted,” meaning they are simplified and rely on director-reported data.

It seems like P1 Retail Ltd is facing some challenges, despite its robust online presence and specialized product offering. Whether the company can navigate these financial pressures remains to be seen.

Registered in England/Wales under the registration number 12797969, with a registered address at TF7 4JR, England, Telford, Unit C11 Tweedale Industrial Estate, Madeley.

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