Pharmacare (europe) Limited

Pharmincare Europe Ltd, based in Weybridge, UK, is a sizable company with an active status, having been founded 17 years ago. Employing 52 people and boasting assets of £17,178,977, the company generated a revenue of £36,547,801 in its last reported year. While it has a registered address, 411 other companies share the same location, suggesting a virtual address. The company is overseen by three directors and has one owner. It holds a respectable Google rating of 4.0 based on six reviews and regularly imports and exports miscellaneous food products.

Pharmincare Europe Ltd operates in the wholesale of perfume and cosmetics, as well as offering business support services. Its website highlights a commitment to enriching people’s lives through health and wellness, offering a range of vitamins, protein powders, skincare products, and superfoods under trusted brands. The company emphasizes innovation and a positive impact on consumers’ lives.

Financially, Pharmincare Europe Ltd shows a mixed picture. While cash and cash equivalents increased by a modest 1.2% to £5,100,000, net assets decreased by 5% to £7,700,000. Bank borrowings increased significantly by 65% to £5,100,000, and dividends paid surged by a substantial 65% to £5,100,000, indicating a focus on shareholder returns. Creditors decreased by 10% to £2,500,000, suggesting improved debt management. The company’s turnover increased by 7.1% to £37,000,000, but losses deepened to -£23,000,000. The company’s size (meeting two of three criteria for a large company) helps it maintain agility, but the equity drop warrants closer scrutiny. The audit was performed by TWP Accounting LLP.

These figures suggest that while Pharmincare Europe Ltd is generating substantial revenue, it’s also burning through cash. The increased dividends paid could be a sign of confidence in the company’s future prospects, or it could be a strategy to attract investors. The company’s success will likely depend on its ability to control costs and maintain its brand reputation.

Registered in England/Wales under the registration number 06408300, with a registered address at KT13 8DE, England, Weybridge, Surrey, The Old Rectory, Church Street.

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