Pan Asia Gb Ltd

Pan Asia Gb Ltd from London UK: a small, active company founded 18 years ago, employs 18 people, and holds £1,799,941 in assets. With two directors and one owner, the company operates from a real address and has a long history of importing cereal and milk-based food products (266 months) and more recently, exporting prepared or preserved plant-based foods (5 months). The company operates in the non-specialised wholesale trade, the retail sale in non-specialised stores with food, beverages or tobacco predominating industries.

The company’s website, Panasiafood, is a bustling online wholesale marketplace. It’s clear the business is geared towards B2B sales, with a focus on Asian food products. Customers without login information are encouraged to “Join us through the ‘Sign Up’ option in the top menu.” The site is structured around product categories like “Rice,” “Noodles,” “Snacks,” “Frozen,” and “Household,” offering a wide range of items from various brands like Nongshim, Lotte, and Haitai. There’s a strong emphasis on convenience, with features like “New Arrivals,” “Restock,” and a search function. The site also includes recipe videos and brand information, suggesting a desire to engage customers beyond simple transactions. It’s a fully functioning e-commerce platform, allowing customers to browse, add items to their cart, and proceed to checkout.

Financially, Pan Asia Gb Ltd’s recent performance shows some concerning trends. While the company meets the criteria for a small business, with turnover under £10.2 million and assets under £5.1 million, its liabilities have increased. Bank borrowings have surged by 2,400%, reaching £64,000, and cash reserves have fallen 30% to £31,000. Creditors also increased by 18%, reaching £590,000. Trade debtors ballooned by 890%, suggesting delayed customer payments or expanded credit terms, and creditors rose 35% to £34,000. The company’s small size helps it stay agile, but the sharp increase in liabilities raises questions about its ability to manage its financial obligations. The lack of an auditor mentioned (likely exempt as a small company) means the figures rely on unaudited statements. It’s likely that the company is burning through money, and may need to find ways to improve its cash flow.

Registered in England/Wales under the registration number 06198813, with a registered address at SW19 8UH, United Kingdom, London, Unit D 2 Endeavour Way, Durnsford Road Industrial Estate.

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