Pamtrad Customs Limited

Pamtrad Customs Ltd, based in Nottingham, UK, is a small, active company founded 21 years ago in 2004. With three employees and £52,743 in assets, it operates from a real address and is managed by three directors and two owners. The company maintains an e-commerce site and currently holds a Google rating of 3.0 based on 11 reviews. It regularly imports optical and medical tools and devices, with 7 months of import activity recorded, the last in July 2024. Export activity is irregular, with just one month of activity recorded in 2018.

The company’s website showcases a range of products, including electronic magnifiers, handheld devices, and computer help aids, catering to individuals with visual impairments. It emphasizes free UK delivery, a 14-day money-back guarantee, and council discounts. The site also promotes a buy-back scheme for old equipment and highlights partnerships with educational institutions. The company’s core business appears to be retail via mail order and internet sales, with a focus on assistive technology for the visually impaired.

Financially, Pamtrad Customs Ltd presents a mixed picture. Current assets have decreased by 23% to £53,000, while net assets have plummeted 600% to -£34,000. Bank borrowings have increased by 11%, reaching £30,000, and cash reserves have fallen. Creditors have increased by 11%, suggesting a need for better debt management. 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 significant equity drop raises concerns. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company’s significant losses and declining assets suggest it may be burning through money, though the continued import activity indicates a sustained level of business. The lack of employees suggests a lean operation, but the financial pressures may require a change in strategy to ensure long-term sustainability.

Registered in England/Wales under the registration number 05077465, with a registered address at NG11 7BH, Nottingham, The Stables, 22 Ruddington Lane, Wilford.

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