Pd Market Limited

Pd Market Limited, based in Salford, UK, is a small, active company founded three years ago. It’s a solo venture, run by a single director and owner, Horowitz Toby, and employs just one person. The company holds £39,779 in assets and operates from a virtual address shared by 137 other companies – a bit unusual. It’s classified as a small company, meeting two of three criteria: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. Pd Market Limited operates in the non-specialised wholesale trade and retail sale via mail order houses or via internet industries, and it’s an irregular importer, primarily dealing in aluminum and aluminum products, with just one month of import activity recorded.

The company's website, Pioneer Magazines, paints a different picture entirely. It’s a local news and business directory, serving communities in the Greater Manchester area. The site features articles, local business listings, and event calendars, aiming to connect residents with local services and information. It's a far cry from the aluminum import business, and it’s unclear how closely the two ventures are linked, though both emphasize local focus. The website boasts a long history, having served the community for 20 years, and it's a well-established platform with a strong reputation.

Financially, Pd Market Limited’s situation is a mixed bag. Cash reserves have increased dramatically, jumping 560% to £16,000, which is a positive sign. However, net assets have decreased significantly, falling 34% to -£31,000, suggesting a reliance on borrowing. Creditors have also increased by 44%, reaching £71,000, and trade debtors have risen by 65%, indicating potential issues with customer payments. It’s worth noting that the company’s equity has been negative for the past three years, and the lack of an auditor (likely exempt as a small company) means the figures are unaudited. The company’s bank borrowings increased by 2,400%, reaching £29,000, and cash reserves fell 30% to £28,000.

Overall, Pd Market Limited appears to be navigating a challenging financial landscape. The company's reliance on debt and negative equity raise concerns, but the increase in cash reserves suggests it's managing its finances effectively. Whether the local news and business directory venture can provide a stable foundation for the company remains to be seen.

Registered in England/Wales under the registration number 13702359, with a registered address at M6 6DE, United Kingdom, Salford, Lancashire, 158 Cromwell Road.

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