Palmer Agencies Limited

Palmer Agencies Ltd, based in Belfast, UK, is a long-standing family business, active for 57 years. This small company, employing seven people, holds assets totaling £1,410,321. With four directors and one owner, it operates from a real address and has a history of importing and exporting toys, games, and sports equipment—15 months of exports and 67 months of imports, the latest in October 2024.

The company’s website reveals a diverse wholesale operation, specializing in party and Halloween supplies. It caters to the trade, offering a vast catalogue of costumes, masks, wigs, and accessories, alongside partyware and souvenirs. A key element is its distribution for top manufacturers like Ghoulish Productions and Fun World, suggesting a focus on licensed products and a strong network within the industry. The website also highlights a customer-centric approach, with a focus on quality, innovation, and unique designs.

Financially, Palmer Agencies Ltd presents a mixed picture. Cash reserves increased significantly by 52%, reaching £730,000, a positive sign of liquidity. However, net current assets decreased by 3%, suggesting a slight tightening of working capital. Creditors rose dramatically by 630%, to £250,000—a notable increase that could be linked to increased stock levels to meet demand. Trade debtors decreased by 49%, which is a good sign of efficient collections. 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 agility, but the rise in creditors warrants closer monitoring. As a small company, it is exempt from an audit, so the figures are unaudited.

The company’s long history and established supplier relationships provide a solid foundation, but the changing financial trends suggest a need for careful management of working capital and supplier relationships.

Registered in Northern Ireland under the registration number NI007156, with a registered address at BT8 7QN, Belfast, Unit 1 Beechill Business Park, 96 Beechill Road.

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