Pg2019 Limited

Pg2019 Limited, based in London, UK, is a sizable holding company with an active status, having been founded six years ago in 2018. Employing 47 people, the company holds assets worth £3,578,476 and generates an annual revenue of £9,835,384. While it has a registered address, eleven companies share the same location, raising concerns about whether it's a virtual address. The company operates with two directors and one owner, and regularly imports clothing and accessories (excluding knitted or crocheted items) – a total of 193 months of imports recorded.

Pg2019 Limited appears to be involved in wholesale clothing and footwear, as well as retail sales through specialized stores and online platforms. While a website isn’t available, the company’s activities suggest an e-commerce presence, likely selling directly to consumers or businesses. It’s difficult to determine the scale of its online operations without further information.

Financially, Pg2019 Limited’s recent report paints a mixed picture. While turnover remains strong at £9.8 million, the company has experienced a significant downturn. Net assets have fallen by 54%, dropping to £2.6 million, and cash reserves have plummeted 85%, leaving just £550,000. Bank borrowings have also increased dramatically, rising by 2900%, reaching £1.2 million. Creditors, however, have decreased by 57%, which could indicate improved debt management. The company’s size (meeting two of three criteria for a large company) suggests it’s navigating a competitive market. The report was audited by Hillier Hopkins LLP, providing a degree of assurance.

The sharp decline in cash reserves and net assets is concerning, suggesting the company may be burning through money. The increase in bank borrowings could be a strategy to cover shortfalls, but it also raises questions about long-term sustainability. It’s possible that increased competition, rising costs, or shifts in consumer demand are impacting the company’s financial performance.

Registered in England/Wales under the registration number 11628610, with a registered address at N7 9PW, England, London, 6-10 Market Road.

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