Paramount Strategies Ltd

Paramount Strategies Ltd, based in Harrow, UK, is a small, active company founded six years ago. With two employees and £369,862 in assets, it operates from a real address and is overseen by two directors and one owner. The company is an irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings, with just one month of import activity recorded as of November 2022.

The company’s website presents Paramount Strategies as a provider of market research services, targeting businesses looking to understand new opportunities, assess product portfolios, improve customer experiences, and establish themselves as thought leaders. It offers services ranging from market research to brand repositioning, with a focus on speaking the language of its clients' industries. The website includes contact information, including a Singapore address and phone number, suggesting a broader international presence.

Financially, Paramount Strategies Ltd shows a mixed picture. While current assets remained stable at £370,000, equity plummeted 28% to £200,000, and net current assets dropped 30% to £190,000. Bank borrowings surged a staggering 3,700%, reaching £66,000, while cash reserves dwindled to zero. Creditors increased by 31%, and trade debtors decreased by 18%. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the significant drop in equity and the reliance on borrowing raise concerns. As a small company, it’s exempt from an audit, so the figures are unaudited.

Overall, Paramount Strategies Ltd seems to be navigating a challenging financial landscape. While its market research services appear well-positioned, the company’s reliance on borrowing and declining equity suggest it’s burning through cash. The surge in bank borrowings, in particular, warrants close monitoring.

Registered in England/Wales under the registration number 11418581, with a registered address at WC2H 9JQ, United Kingdom, London, 71-75 Shelton Street, Covent Garden.

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