Palmer Trade Supplies Ltd

Palmer Trade Supplies Ltd, based in Glasgow, UK, is a small, active company founded six years ago in 13 July 2018. With just one employee and a real address at 70 Lancefield Street, it's a solo-founder operation led by a single director and owner. The company operates an e-commerce site and boasts a perfect 5.0 Google rating from three reviews. It’s an irregular importer, with its top import category being Machinery, boilers, and mechanical appliances; parts, totaling 1 months of imports, the last in January 2025.

The company's website, though not detailed, suggests a focus on wholesale and retail operations, including machinery and equipment, intermediate products, and mail order sales. It’s a small business, meeting two of three conditions for being considered small: turnover under £10.2 million and assets under £5.1 million, and having less than 50 employees.

Financially, Palmer Trade Supplies Ltd presents a mixed picture. Cash bank on hand dropped significantly by 56%, falling to £3,300, while trade debtors increased dramatically by 17,000%, reaching £10,000. Creditors also rose by 7.9%, to £120,000, and net assets declined by 13%, settling at -£76,000. Interestingly, depreciation charges on property and equipment increased by 28%, while total inventories jumped to £27,000. The company's small size allows for agility, but the equity decline and reliance on loans from related companies raise concerns. The accounts are unaudited and classified as "filleted," meaning they provide limited detail.

Overall, Palmer Trade Supplies Ltd seems to be navigating a challenging financial landscape. While its e-commerce presence is positive, the company's financial health is precarious, and it’s likely burning through cash. The reliance on related party loans suggests a need for external funding or a shift in business strategy.

Registered in Scotland under the registration number SC602472, with a registered address at G3 8JD, Scotland, Glasgow, 70 Lancefield Street.

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