Panacea Products Ltd

Panacea Products Ltd, based in Swindon, UK, is a small, active company founded ten years ago in 2014. With twelve employees and £3,711,518 in assets, it operates from a virtual address—a fact highlighted by the presence of forty-five other companies registered at the same location. The company is led by three directors, including Paniccia Frank Gregory, who also serves as the sole owner. It’s a regular importer and exporter of iron or steel products, with 284 months of import activity and 42 months of export activity recorded, the latest being February 2025.

The company’s website, Panacea Products, focuses on garden décor, birding, fireside, and home décor items. It designs, creates, and supplies garden décor to happy customers, encouraging visitors to explore its range and get inspired. The website suggests a retail-focused business, with no obvious e-commerce functionality, but rather a catalog-style presentation of its products.

Financially, Panacea Products Ltd presents a mixed picture. Current assets have decreased by 11%, dropping to £3,700,000, while net assets have declined by 2.7%, reaching -£810,000. Bank borrowings have increased by 5.1%, reaching £230,000, and cash reserves have decreased by 5.1%, reaching £230,000. Creditors have decreased by 8.5%, suggesting better debt management, and trade debtors have decreased by 11%, which could be a positive sign. 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 negative equity is a cause for concern. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Panacea Products Ltd seems to be facing some financial pressure. While it maintains a steady import and export business, its equity position is negative, and its cash reserves are dwindling. The company's focus on garden décor and its apparent lack of a direct e-commerce presence may be contributing factors, but it’s difficult to say for sure.

Registered in England/Wales under the registration number 09122390, with a registered address at SN1 4BG, Swindon, Wiltshire, 43-45 Devizes Road.

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