Papricity Ltd

Papricity Ltd from London UK: small company, active status, founded 3 years ago, £17,393 assets, real address, 1 director, 1 owner, solo founder, google rating 4.0 based on 2 reviews. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The company operates in the retail sale via mail order houses or via internet industries. Officially, it has one owner or PSCs, one director and no number of employees published.

The company’s website, papricity.co.uk, is currently in a “coming soon” phase. A simple homepage features a “Notify Me!” email signup form and a brief statement: “WE ARE LAUNCHING OUR PRODUCTS SOON.” The site’s footer includes a copyright notice from 2021 and a basic design suggesting a focus on minimalist aesthetics. It seems like Papricity Ltd is preparing for an e-commerce launch, likely selling products directly to consumers through its website. The lack of product listings or detailed information suggests it’s still in the pre-launch stage, building anticipation and gathering email subscribers.

Financially, Papricity Ltd presents a mixed picture. Current assets have fallen by 43% to £17,000, while net assets have improved significantly, jumping 480% to £11,000. Cash reserves have also increased, although from a low base. Creditors have decreased substantially, by 79%, and bank borrowings have decreased as well. The company’s small size helps it remain agile, but the significant decrease in creditors could indicate a need to manage cash flow more carefully. There’s no auditor mentioned, as is typical for small companies, so the financial statements are unaudited. It’s clear that the company is trying to improve its financial position, but the lack of revenue makes it difficult to assess its long-term viability. It seems like they’re hoping to turn things around with the upcoming product launch.

Registered in England/Wales under the registration number 13635186, with a registered address at SE10 0JT, England, London, 3 West Parkside.

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