Perfect Goods Ltd

Perfect Goods Ltd, based in Harrow, UK, is a small, active company founded four years ago in January 2021. With a single employee and £44,460 in assets, it’s a solo-founded operation led by a director and owner. The company operates in the retail sale via mail order houses or via internet industries. Its registered address is real, with only eight companies sharing the same location.

The company’s website, Perfect Goods Prototype Co., Ltd., positions itself as a custom manufacturer specializing in stainless steel CNC machining parts, magnesium alloy parts, industrial computer chassis, plastic injection molds, and TWS earphone covers. It offers ODM services and emphasizes design-based customization and competitive OEM factory options. The company has been verified onsite by Intertek, a world-leading inspection company.

Financially, Perfect Goods Ltd is showing some concerning trends. Cash bank on hand has dropped by 56%, falling to £11,000, while creditors have increased significantly, with total creditors rising 150% to £95,000. Current assets have improved by 58% to £44,000, but trade debtors have surged an astonishing 1500% to £33,000. Equity is negative, with retained earnings and accumulated losses totaling -£95,000, and net assets liabilities are also negative at -£95,000. The company is classified as a small entity, applying small entities accounting standards. No auditor is mentioned, likely due to exemption as a small company.

Overall, Perfect Goods Ltd is facing financial challenges. While the company's website suggests a growing manufacturing business, the financial data reveals a potential cash flow problem. The significant increase in trade debtors could indicate difficulties collecting payments, and the negative equity suggests the company is burning through money. It's possible that the company is investing heavily in growth, but the lack of profitability is a cause for concern.

Registered in England/Wales under the registration number 13163601, with a registered address at HA1 1PD, United Kingdom, Harrow, Middlesex, 5-9 Headstone Road.

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