Paper Sourcing Limited

Paper Sourcing Limited, based in Potters Bar, UK, is a small, active company founded nineteen years ago in 2006. With a single employee and £245,127 in assets, it’s a solo founder operation managed by two directors and one owner. The company regularly imports paper and paperboard products, with thirteen months of import activity recorded, the last in August 2024.

The company operates in the wholesale of other intermediate products industries, and its website, R.K. Sourcing, highlights a diverse range of products including agro products, consumer goods, infra solar solutions, and paper. The site emphasizes a customer-centric approach and boasts a team of skilled professionals committed to innovation and efficiency. It’s clear the company is trying to present a modern, versatile image, with a focus on quality and customer satisfaction.

Financially, Paper Sourcing Limited shows some concerning trends. Cash bank on hand dropped by 19%, falling to £240,000, and current assets decreased by 46%, ending at £250,000. Equity also took a hit, declining by 16% to £240,000. On the plus side, creditors were drastically reduced by 94%, suggesting improved debt management. Trade debtors, however, plummeted by 95%, which could indicate difficulties collecting payments. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the decline in cash and equity warrants attention. No auditor is mentioned, likely due to the company’s exemption as a small entity.

It seems like Paper Sourcing Limited is facing some financial headwinds, despite its focus on diverse product lines. Whether it can weather these challenges and continue its import operations remains to be seen.

Registered in England/Wales under the registration number 05716479, with a registered address at EN6 1HS, Potters Bar, Herts, 57-59 Hatfield Road.

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