Penny Lane Credit Services Ltd

Penny Lane Credit Services Ltd from Newcastle Upon Tyne UK: small company, holding company, active status, founded 7 years ago, virtual address, 4 directors, 2 owners. Irregular importer of jewelry, precious stones, and metals (1 months imported). It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The company operates in the other credit granting n.e.c. industries. Officially, it has two owners or PSCs, four directors and no number of employees published.

The company’s website, Penny Lane Pawnbrokers, showcases a retail business specializing in Nomination and ChloBo brands, alongside prestige watches and luxury jewelry. They also buy gold, offer pawnbroking loans, cheque cashing, and Western Union money transfers. The website directs customers to physical branches in Blyth and Ashington, Northumberland, and highlights a dedicated team ready to help. The site also includes mailing list subscription and legal compliance pages, indicating a focus on customer service and regulatory adherence. It's clear the company operates both online and through brick-and-mortar locations, catering to a diverse range of financial services.

Financially, Penny Lane Credit Services Ltd presents a mixed picture. Creditors increased by 8.1% to £160,000, while debtors saw a substantial rise of 16% to £220,000. Equity, however, experienced a significant jump of 140% to £35,000, a positive sign for the company’s financial health. Fixed assets decreased by 26%, suggesting potential asset disposals or depreciation. Bank borrowings have decreased slightly, and cash reserves remain relatively stable. The company’s small size helps it stay agile, but the increased debt levels warrant attention. The lack of an auditor mentioned likely means the company is exempt from an audit as a small company.

Overall, Penny Lane Credit Services Ltd seems to be navigating a period of growth, but with some financial pressures. The company’s holding structure and diversified services—from pawnbroking to jewelry sales—suggest a strategy of adapting to changing market conditions. It's likely the company is working to manage its debts while capitalizing on its retail and financial service offerings.

Registered in England/Wales under the registration number 11275264, with a registered address at NE2 1TJ, United Kingdom, Newcastle Upon Tyne, Fernwood House Fernwood Road, Jesmond.

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