People’s Product Limited

People’s Product Limited, based in Cheltenham, UK, is a small, active company founded five years ago in 2019. It's a solo-founded operation with one director and owner, holding £187,926 in assets and operating from a real address. The company’s core business involves retail sale via mail order houses or via internet, with a regular import of miscellaneous food products over the last three months and a single month of exporting organic chemicals.

The company’s website is minimal, offering little insight into its operations beyond its basic contact information and registered address. It's difficult to tell if they have an active e-commerce site or if they are primarily a wholesale supplier.

Financially, People’s Product Limited presents a mixed picture. Current assets have increased significantly, jumping 700% to £190,000, while raw materials and consumables have surged to £150,000. However, trade creditors have also ballooned by 18,000%, reaching a staggering £150,000—a potentially concerning trend. Bank borrowings are up 1800%, totaling £11,000. Despite this, retained earnings have increased by 9.4%, reaching £19,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the rapid increase in liabilities suggests a need for careful cash flow management. With no auditor mentioned, the financial statements are unaudited.

The company's reliance on related party loans and intercompany balances, as noted in the financial report, also warrants attention. While these arrangements are common in smaller businesses, it’s important to ensure they are properly documented and managed to avoid potential conflicts of interest. The increase in debt could be a result of increased business activity, but it also raises questions about the company’s long-term financial sustainability.

Registered in England/Wales under the registration number 12244547, with a registered address at GL52 8PX, England, Cheltenham, Gloucestershire, Unit 10 Homelands Commercial Centre Vale Road, Bishops Cleeve.

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