Pearl Groceries Limited

Pearl Groceries Limited, based in London UK, is a small, active company founded just four years ago in 2020. It employs a single person and maintains a real registered address at Penny Brookes Street. With two directors and one owner, the company operates an e-commerce site and enjoys a respectable 4.0 Google rating from 362 reviews. It’s a regular importer of cereals, with 7 months of import activity recorded, the last operation occurring in December 1. The company operates in the non-specialised wholesale of food, beverages and tobacco industries.

The company’s website, Pearl Groceries, showcases a focus on wholesale food products, likely catering to restaurants and retailers. While the site itself is simple, it suggests a business focused on efficient sourcing and distribution. The company’s focus on cereals, combined with its e-commerce presence, points towards a modern approach to food wholesale.

Financially, Pearl Groceries Limited presents a mixed picture. Current assets have fallen by 28% to £22,000, while net assets have decreased by 28% to -£22,000. Bank borrowings have increased by 19% to £24,000, and cash reserves have fallen by 50% to £9,000. Creditors have increased by 19% to £25,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it likely benefits from reduced regulatory burdens, but the decline in equity is a concern. No auditor is mentioned, which is common for small companies exempt from an audit.

Overall, Pearl Groceries Limited seems to be navigating early-stage challenges. While its e-commerce presence and regular imports suggest a functioning business, the negative equity and declining cash reserves indicate a need for careful financial management. It’s likely the company is reinvesting in its business, but monitoring its financial health will be important for its long-term success.

Registered in England/Wales under the registration number 12960417, with a registered address at E15 1GP, England, London, 31 Penny Brookes Street, Penny Brookes Street.

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