Pegb Ltd

Pegb Ltd, based in Newcastle UK, is a small, active company founded four years ago. With 22 employees and £305,718 in assets, it’s a solo-founded operation managed by a single director and owner. The company has a real registered address and regularly imports paper and paperboard products, with three months of import activity recorded as of December 01, 2023.

However, Pegb Ltd also operates a technology business, Peg B Innovative, with a focus on “simple, smart technology solutions.” The website details a mission to bridge the gap between technology and people, building products that solve real-world problems. Based in Dubai, UAE, the company positions itself as a hub for innovation, strategically located near fast-growing mobile money markets in Africa and Asia. It serves a growing customer base in East and Southern Africa, providing in-market support. The company’s core values include reliability, sustainability, inspiration, integrity, quality, and responsiveness.

Financially, Pegb Ltd presents a mixed picture. Current assets have seen a significant jump, increasing by 320% to £310,000, while net assets have also grown by 25% to £110,000. However, bank borrowings have surged by 250% to £50,000, and trade debtors have ballooned by 300% to £160,000, suggesting a reliance on customer payments. Cash reserves have also increased substantially, rising by 380% to £130,000. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. No auditor is mentioned, likely due to the small company exemption.

The company's growth in assets and cash is encouraging, but the increase in debt and outstanding receivables warrants attention. The Dubai-based technology arm, while promising, may be consuming resources. Whether Pegb Ltd can successfully balance its import business and technology ventures remains to be seen, but the recent financial trends suggest a company experiencing rapid expansion, though potentially at the cost of increased financial risk.

Registered in England/Wales under the registration number 12699158, with a registered address at NE26 2RA, Newcastle, Tyne & Wear, 12 Station Road.

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