Peddymark Limited

Peddymark Ltd, based in York, UK, is a small holding company with an active status, celebrating 21 years since its founding. The company employs 11 people and holds assets valued at £2,644,934. It operates with a single director and owner, boasting a real address and a history of importing electrical machinery and equipment for nine months, and exporting furniture, lighting, and prefabricated buildings for thirteen months.

The company’s website reveals a focus on microchipping solutions. Pet Microchip Services Ltd offers services to vets, breeders, trainers, and implanters, including a DEFRA-compliant database for storing microchip details. They provide flexible options and highlight the importance of microchipping pets, citing statistics on unchipped dogs and cats. The site also promotes a sister business, 1066 Pianos, specializing in high-end piano restoration—a surprising diversification from the core microchipping business.

Financially, Peddymark Ltd presents a mixed picture. While cash reserves increased by a modest 3.8% to £160,000, net assets grew by a more substantial 42% to £1.3 million. However, accumulated amortisation impairment intangible assets have risen significantly, from zero to £53,000. Bank borrowings have disappeared entirely, a positive sign, but trade debtors have fallen by a considerable 69%, suggesting potential payment issues with customers. Creditors have increased dramatically, rising by 260% to £2.2 million, which could indicate increased reliance on credit or delayed payments to suppliers. The company’s small size—meeting two of three conditions to be classified as small—allows for agility, but the large increase in creditors warrants closer scrutiny. The company’s financial statements are unaudited, and no auditor is mentioned, which is typical for small companies.

Registered in England/Wales under the registration number 05039956, with a registered address at YO32 9LB, England, York, Moorside, Monks Cross.

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