Perfect2trade Ltd

Perfect2trade Ltd from Southampton UK: a small, active company founded five years ago, employs seven people, and holds £826,836 in assets. It’s a solo-founded operation with one director and owner, running an e-commerce site and currently has a 2.0 Google rating based on 25 reviews. The company operates in the wholesale of household goods, retail via mail order, and the wholesale of wood and construction materials.

The company’s website, Perfect 2 Trade, offers a wide range of products, from garden supplies and homeware to paints and electricals. It even has a section dedicated to pet care. The site emphasizes known brands, express delivery, and easy returns—all hallmarks of a modern online retailer. Perfect2trade is launching its own brand, Perfectonish, soon, which could be a way to increase profits.

Financially, Perfect2trade Ltd shows some interesting trends. Accumulated depreciation for computer equipment increased by 90%, and motor vehicle depreciation rose by 75%, suggesting investment in these areas. Bank borrowings decreased by 37%, which is good, but cash reserves increased dramatically by 360% to £74,000. However, corporation tax payable jumped 150% to £65,000, which could be a temporary blip. The number of employees has increased by 43% to ten, which is a positive sign of growth, but also means higher payroll costs. Creditors have also decreased by 37%, which is a good sign of better debt management. The company meets the criteria to be considered small, with turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. No auditor is mentioned, likely due to its small size.

Overall, Perfect2trade Ltd appears to be a growing small business, but the increased tax liability and rising employee count could put a strain on its finances. The company’s focus on well-known brands and its e-commerce platform seem to be working well, but it will need to manage its expenses carefully to ensure long-term success.

Registered in England/Wales under the registration number 12018742, with a registered address at SO30 2FX, England, Southampton, Unit 19 Shamblehurst Lane South, Hedge End.

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