Pantheon Catering Equipment Limited

Pantheon Catering Equipment Ltd, based in Bolton, UK, is a small, holding company with an active status. Established nineteen years ago in 2005, the company operates with zero employees and holds £325,550 in assets. It’s managed by two directors and one owner, with a real registered address at Michael Sohor And Co. The business regularly imports electrical machinery and equipment, with 22 months of import activity recorded, the last operation made in October 1, 2023.

The company’s core business is wholesale of other machinery and equipment industries. It appears to be a relatively small operation, meeting two of three conditions to be considered small: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. Monarch Northern Holdings Ltd owns the company, a fact that hasn’s changed much over the last eight years.

Looking at the financial picture, things are a little mixed. Cash bank on hand has seen a nice bump, up 32% to £86,000, which is good. However, net assets have remained relatively stable at £160,000. Trade debtors have decreased significantly, down 46% to £27,000, suggesting improved collection efforts, but other debtors have also dropped substantially, by 87% to just £3,100. Creditors have decreased by 5%, and the company’s bank borrowings have increased by 2400%, reaching £29,000. The company’s net current assets and liabilities have also remained stable.

The sharp decrease in other debtors could be a result of reduced sales or a shift in customer payment patterns. The increase in bank borrowings, while concerning, could be a strategic move to fund growth or manage short-term cash flow needs. With no auditor mentioned, the financial statements are unaudited, and rely on director reported data.

Registered in England/Wales under the registration number 05585351, with a registered address at BL1 2DD, United Kingdom, Bolton, Lancashire, Michael Sohor And Co, 74 St Georges Road.

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