Paragon Products (uk) Limited

Paragon Products Uk Ltd from Musselburgh UK: a small, active company founded 36 years ago, employs 15 people, and holds £2,184,349 in assets. It’s a family business with three directors and two owners, boasting a stellar 5.0 Google rating from six reviews. The company regularly imports machinery, boilers, and mechanical appliances, with parts imported for the last four months.

The company operates in the wholesale of chemical products industries, and is a small business, meeting two of three conditions: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. Its registered address is real, with only one other company registered at the same address. The company’s financial statements are unaudited, a common exemption for small companies.

Looking at the numbers, Paragon Products’ financial health presents a mixed picture. Current assets have increased by 12% to £2.2 million, while net assets have risen by 5.2% to £2.7 million. However, cash reserves have declined by 38% to £320,000, and bank borrowings have increased by 2400%. Creditors have also risen by 38%, suggesting a need to manage debt. The company’s trade debtors have increased by 25%, which could be a sign of expanding credit terms or delayed customer payments.

Despite these challenges, the company’s rising assets and net assets indicate growth. The decline in cash reserves could be due to investments in inventory or expansion efforts. The lack of an auditor mentioned in the report is typical for a small company, and the unaudited figures rely on director-reported data. It's worth noting that the company's growth in assets and debtors may be offset by increased creditors.

Registered in Scotland under the registration number SC112318, with a registered address at EH21 6SY, Musselburgh, Midlothian, Newhailes Industrial Estate, Newhailes Road.

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