Perlemoen Ltd

Perlemoen Ltd from Bristol UK: a small, active company founded three years ago, holds £33,102 in assets, operates from a virtual address, and is led by a single director and owner, who is also the solo founder. The business primarily engages in retail sales via mail order and internet, a sector that’s always competitive.

The company’s website, perlemoen.co.uk, showcases a range of products, though its exact inventory isn's immediately clear. It’s an e-commerce operation, clearly aiming to reach customers online. While the site is functional, it lacks the polish of more established online retailers, suggesting a smaller-scale, possibly bootstrapped, approach.

Financially, Perlemoen Ltd presents a mixed picture. Current assets have decreased by 42% to £33,000, while net assets have plummeted 120% to -£41,000 – a significant downturn. Cash reserves have also shrunk, falling 340% to £12,000. Bank borrowings, however, have dropped considerably, decreasing by 100% to zero. Creditors have remained relatively stable, but other inventories have fallen by 65%, indicating a possible reduction in stock levels. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the negative equity is a cause for concern. There’s no mention of an auditor, which is common for small, exempt companies.

Overall, Perlemoen Ltd appears to be navigating a challenging financial period. While the e-commerce side remains active, the decline in assets and negative equity suggest a need for careful management. Whether the company can rebound and sustain its online retail operations remains to be seen—but for now, it’s a story of a small business facing the pressures of a competitive market.

Registered in England/Wales under the registration number 13696735, with a registered address at BS9 3JT, England, Bristol, 40 Downs Cote Park.

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