Papyrus (glasgow) Ltd

Papyrus Glasgow Ltd is a small, active company established 21 years ago, founded on September 25, 2003. Employing 18 people, it holds £702,028 in assets and operates from a real address on Byres Road, Glasgow. With four directors and one owner, the business runs an e-commerce site and maintains a stellar 5.0 Google rating from 74 reviews. It’s a regular importer, specializing in optical and medical tools and devices, with recent import activity recorded four months ago.

The company’s website, Papyrusgifts, showcases a wide range of gifts, homewares, and accessories. It offers brands like Baggu, Jellycat, Le Creuset, and more, catering to a diverse customer base. The site’s layout is well-organized, with clear categories and product listings, highlighting its commitment to a user-friendly online shopping experience. The site also has a sale section, offering discounted items.

Financially, Papyrus Glasgow Ltd presents a mixed picture. While current assets increased by 6.6% to £700,000, net assets remained relatively stable at £570,000. Bank borrowings saw a significant jump, rising by 4.2% to £530,000, while cash reserves also increased by 4.2%. Trade creditors decreased by 13%, suggesting improved debt management. The company’s small size—meeting two of three conditions for a small company—allows for flexibility, but the increased borrowing raises questions about its financial leverage. No auditor is mentioned, likely due to the company's small size and exemption from an audit.

Overall, Papyrus Glasgow Ltd appears to be a thriving e-commerce business with a strong online presence and positive customer reviews. However, the increased borrowing warrants monitoring to ensure sustainable growth.

Registered in Scotland under the registration number SC256588, with a registered address at G12 8AR, 374 Byres Road, Glasgow.

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