Palmer Metals Limited

Palmer Metals Ltd, a small company with an active status, has been operating for 21 years. Founded in 2004, it employs five people and holds £447,964 in assets. Based in Coventry with a real address, the business is managed by two directors and owned by one individual, boasting a respectable Google rating of 4.0 from 12 reviews. Palmer Metals is a regular importer of jewelry, precious stones, and metals, with 56 months of import activity recorded, the latest in October 2024.

The company’s website showcases a wide range of sterling silver findings, beads, charms, and equipment, catering to jewelry makers and craftspeople. It's clearly an e-commerce operation, selling directly to customers through its online store. The site emphasizes a comprehensive selection of materials, tools, and supplies, positioning Palmer Metals as a one-stop shop for jewelry creation. It also offers discontinued items, indicating a commitment to serving a broad range of customer needs.

Financially, Palmer Metals Ltd presents a mixed picture. While current assets decreased by 2.9% to £450,000, the company’s net assets also dropped by 6.1% to £410,000. Bank borrowings increased by 220%, reaching £66,000, while trade debtors rose significantly by 73% to £100,000—suggesting a potential cash flow challenge. The number of employees decreased by 20% to four, which could be a result of cost-cutting measures. With no auditor mentioned, the financial statements are unaudited.

Overall, Palmer Metals Ltd seems to be navigating a period of change. While its e-commerce platform appears well-established, the financial data indicates some pressures. Whether the company can maintain its growth trajectory and profitability remains to be seen, but its focus on specialized materials and online sales positions it for continued success.

Registered in England/Wales under the registration number 05082231, with a registered address at CV5 7AY, 401 Broad Lane, Coventry.

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