Pawmits Ltd

PawMits Pet Supplies, based in Sittingbourne, UK, is a small, active company founded eight years ago in 2016. Employing just three people, the company holds £14,017 in assets and operates from a real address within the Eurolink Business Park. It’s a solo-founder venture led by a single director and owner, Carrick Marc, and runs a thriving e-commerce site with a stellar 5.0 Google rating from two reviews. PawMits specializes in providing a wide range of pet supplies, from dog and cat essentials to food, toys, and treatments for birds, fish, reptiles, and even wildlife. The website is well-organized, showcasing a comprehensive selection of products and emphasizing competitive pricing and customer satisfaction.

Financially, PawMits Ltd presents a mixed picture. While the company’s small size (meeting two of three criteria for a small company) allows for agility, recent figures reveal some concerning trends. Cash bank on hand has fallen significantly by 64%, dropping to just £4,300. Trade debtors have increased dramatically, rising 700% to £6,700—suggesting potential difficulties in collecting payments. Creditors have also increased by 55%, reaching £26,000, and retained earnings have plummeted to -£9,500. Current assets have decreased by 22%, and net assets are now at -£9,400. It’s worth noting that the company has taken exemption under the Companies Act in not publishing its own profit loss account. With no auditor mentioned (likely exempt as a small company), the figures are unaudited.

Despite these challenges, PawMits’ strong Google rating and well-stocked e-commerce site indicate a loyal customer base. The company’s focus on a broad range of pet supplies—catering to everything from hamsters to swans—positions it well in the competitive pet market. However, the significant drop in equity and the increase in debt suggest that PawMits is burning through cash and will need to address its financial situation to ensure long-term sustainability.

Registered in England/Wales under the registration number 10380463, with a registered address at ME10 3RY, England, Sittingbourne, Kent, Pawmits, Unit 14 Eaves Court, Bonham Drive, Eurolink Business Park.

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