Palmer Grp Ltd

Palmer Grp Ltd, based in Crawley, UK, is a small, active company founded three years ago. It employs five people and holds £845,428 in assets, operating from a real address. With two directors and two owners—likely a family business—it maintains a stellar 5.0 Google rating from three reviews. The company is an irregular importer, primarily dealing in electrical machinery and equipment, with its last import operation occurring just one month ago in March 2024.

Palmer Grp Ltd’s website, salespalmer.uk.com, showcases a wide range of plumbing and heating supplies, from copper tubing to valves and pumps. The site appears to be an e-commerce platform, allowing customers to browse and purchase products online. It offers a range of services, including press fittings, compression fittings, and flexible gas piping systems. The site also includes a contact form and login portal, suggesting a focus on B2B sales and account management.

Financially, Palmer Grp Ltd exhibits a mixed picture. While current assets increased slightly to £850,000, net assets grew by a more substantial 10% to £1.1 million. However, bank borrowings decreased by 15% to £410,000, and cash reserves fell 25% to £140,000. Creditors also decreased by 5%, suggesting improved debt management. The company’s small size—meeting two of three criteria for a small company—allows for flexibility, but the drop in cash reserves warrants attention. The company is exempt from an audit, relying on unaudited financial statements. The increase in accumulated amortisation and depreciation for intangible assets, particularly goodwill, suggests potential write-downs or adjustments in the future. The company's average number of employees has increased by 20%, indicating potential growth or expansion.

Registered in England/Wales under the registration number 13847099, with a registered address at RH10 9TU, United Kingdom, Crawley, West Sussex, Unit 13 Brunel Centre Newton Road, Manor Royal Industrial Estate.

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