P5 Garments Ltd

P5 Garments Ltd, based in Carlisle, UK, is a small holding company with an active status, marking its 42nd year in operation. Employing 32 individuals and holding assets valued at £3,027,716, it's a well-established entity with a real address and overseen by three directors and one owner. The company regularly imports clothing and accessories (excluding knitted or crocheted items), with 213 months of import activity recorded, and occasionally exports man-made staple fibers, with seven months of export activity.

The company's website, P5Garments.com, showcases a focus on wholesale clothing and footwear, particularly for schoolwear and formalwear. It emphasizes sustainability and ethical sourcing, highlighting partnerships with Bangladeshi garment manufacturers. The site’s structure, with a tab-based navigation, suggests a deliberate effort to guide visitors through its product offerings and values. It also features a separate division, Winterbottom's Schoolwear, serving as a wholesale business for schoolwear retailers. The website’s content strongly promotes a commitment to positive impact, mentioning a "positive purpose to benefit our planet, people, and prosperity."

Financially, P5 Garments Ltd’s recent performance shows some concerning trends. While bank borrowings decreased by 51%, cash reserves plummeted 120%, ending at a modest £800,000. Trade debtors ballooned by 110%, suggesting potential issues with customer payments, and creditors increased by 44%, indicating a growing reliance on short-term financing. Net assets also took a hit, dropping 21% to £1.3 million. Despite these challenges, 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. The lack of an auditor mentioned (likely exempt as a small company) means the financial statements are unaudited.

Overall, P5 Garments Ltd appears to be navigating a period of financial pressure, despite its long history and commitment to ethical practices. The company's focus on wholesale and its Bangladeshi manufacturing partnerships suggest a deliberate strategy, but the declining cash reserves and growing debt raise questions about its long-term sustainability.

Registered in England/Wales under the registration number 01638003, with a registered address at CA3 0LJ, England, Carlisle, Atlantic House, Fletcher Way.

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