Palmer//harding Ltd

Palmer Harding Ltd, based in Rickmansworth, UK, is a small, active company founded twelve years ago in 2012. With eight employees and £809,867 in assets, it operates from a real address and is managed by five directors and two owners. The company runs an e-commerce site and regularly imports and exports clothing and accessories, not knitted or crocheted, with 130 months of import activity and 503 months of export activity.

The company’s website showcases a luxury womenswear brand with a focus on sculptural designs and high-quality fabrics. It operates under the name Palmer Harding, and its website highlights collections like "The Waves" edit, featuring flounced dresses and flowing silhouettes, and "Loose Cottons," offering lightweight, breathable pieces. The site’s design is clean and modern, with a focus on visual storytelling and a curated shopping experience. It even offers a currency converter, which is a nice touch.

Financially, Palmer Harding Ltd shows some concerning trends. Accumulated depreciation for furniture fittings increased by 4.5%, while plant and machinery depreciation rose by 2.1%. Bank borrowings have surged by 130%, reaching £130,000, and cash reserves have plummeted 64%, leaving only £55,000. Creditors have also increased significantly, jumping 130% to £540,000. On a brighter note, the company’s average number of employees remained stable at eight, and current assets increased by 21% to £810,000. 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 drop in equity—a 58% decrease—is a cause for concern. The company's tax payable has also increased, with a jump from zero to £38,000. With no auditor mentioned, the figures are unaudited.

Overall, Palmer Harding Ltd appears to be navigating a period of financial pressure, despite its strong brand identity and active e-commerce presence. It’s clear the company is working hard, but whether it can sustain its growth trajectory remains to be seen.

Registered in England/Wales under the registration number 08180098, with a registered address at WD3 7DH, Rickmansworth, Hertfordshire, 15 Uxbridge Road.

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