Pets Planet Ltd

Pets Planet Ltd is a small, active company registered in London, UK, founded two years ago in June 2022. It operates with a single employee and holds just £79 in assets, utilizing a virtual address shared by over 8,000 other companies. The company is led by two directors, with Vortolomei Andrian listed as the sole owner.

The business primarily engages in retail sales via mail order and the internet, offering a range of pet-related products. While the exact scope of its offerings isn't clear, the company's online presence suggests a focus on providing convenient access to pet supplies.

Financially, Pets Planet Ltd presents a concerning picture. Current assets have plummeted by a staggering 99%, dropping from £8,700 to a mere £79. Cash reserves have also suffered a dramatic 93% decline, falling from £1,100 to £79. Creditors have decreased by 42%, which could indicate better debt management, but the significant drop in assets and cash is a cause for concern. Equity has also decreased by 9.5%, further weakening the company’s financial position. The company’s small size—meeting two of three criteria for a small company—helps it remain agile, but the sharp decline in assets suggests it may be burning through cash. There is no auditor mentioned, likely due to its small size and exemption from an audit.

The company’s reliance on a virtual address and the limited financial resources raise questions about its long-term viability. While the business may be operating efficiently, the financial data suggests a need for careful management to avoid further depletion of resources.

Registered in England/Wales under the registration number 14188106, with a registered address at EC1V 2NX, England, London, 124 City Road.

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