Paddock Promotions Limited
- Small
- Active
- 6 years
- 3 employees
- £153,765 (assets)
- Real address
- 3 directors
- 1 owner
- Irregular importer
Two conditions of three:
1.Turnover < £10.2 million
2.Balance sheet total < £5.1 million
3.Average number of employees < 50
Field of Operation
Website
Summary
Paddock Promotions Ltd from Tamworth UK: small company, active status, founded 6 years ago, 3 employees, £153,765 assets, real address, 3 directors, 1 owner. Irregular importer of footwear and related items (1 months imported). It’s a small business, meeting two of the three conditions to be considered small: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. The company operates in the sports activities industries, and it’s a irregular importer, with its top import category being Footwear and related items, totaling 1 months of imports. The last import operation was conducted on March 01, 2023.
The company’s website is not available, which makes it difficult to determine if it’s an e-commerce business. It’s unclear if they sell directly to consumers or if they supply retailers.
Financially, Paddock Promotions Ltd shows a mixed picture. Current assets increased by 42% to £150,000, while net assets decreased by 19% to -£900,000. Bank borrowings decreased by 24% to £28,000, and cash reserves increased by 100% to £39,000. Creditors increased by 20% to £1.2 million. The company’s small size helps it stay agile, but the equity drop raises questions. The lack of an auditor (likely exempt as a small company) means the figures rely on unaudited statements.
It seems like the company is struggling to turn a profit, with significant losses. The increase in creditors suggests they may be relying on credit to manage their operations. However, the increase in cash reserves is a positive sign, indicating they may be able to weather the storm. The company’s three directors – Plowman Mark Wayne, Plowman Anita Karen, and Plowman Martin James – are all listed as owners, and the company is owned by Plowman Martin James.
Registered in England/Wales under the registration number 11643568, with a registered address at B77 5AE, England, Tamworth, Staffordshire, Unit 22 Two Gates Trading Estate, Watling Street.
WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Owners & PSC
-
Individual
- 6 years
- 4
- 25%+
-
Resident of United Kingdom
Managers
-
Individual
- 2 years
- 10
-
Resident of United Kingdom
-
Individual
- 2 years
- 8
-
Resident of United Kingdom
-
Individual
- 6 years
- 4
-
Resident of United Kingdom
Last reports
The latest confirmation statement submitted seven months ago.
Last news
-
Confirmation statement made on 2024-10-20 with no updatesDownload 3 pages pdf report
-
Total exemption full accounts made up to 2023-10-31Download 12 pages pdf report
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Confirmation statement made on 2023-10-20 with no updatesDownload 3 pages pdf report
Importer profile by HS codes
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Last imported products
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