Phatpocket Limited

Phatpocket Ltd, based in Witham, UK, is a small, active company established 21 years ago. With nine employees and £1,209,478 in assets, it operates from a virtual address – a fact highlighted by the presence of 84 other companies registered at the same location. The company is led by two directors and has one owner, Sherman Scott. It runs an e-commerce site and enjoys a respectable Google rating of 4.0 based on nine reviews. Phatpocket Ltd functions as an irregular importer of paper and paperboard products (last import in August 2022) and a regular exporter of optical and medical tools and devices (last export in October 2023).

The company’s website showcases a retail operation focused on mail order and internet sales. While the core business involves selling goods online, the site also reveals a connection to a larger, more established entity. Phatpocket Ltd appears to be a smaller division or subsidiary within a broader retail group, with a focus on providing a curated selection of products directly to consumers. The website’s design is clean and functional, emphasizing ease of navigation and a user-friendly shopping experience.

Financially, Phatpocket Ltd presents a mixed picture. Current assets have declined by 7.9% to £1,200,000, while net assets have plummeted a significant 2300% to -£67,000. Bank borrowings have increased by 4300% to -£71,000, and cash reserves have fallen 2.6% to £1,100,000. Creditors have decreased by 2.5% to £1,300,000. 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 agility, but the substantial equity drop is concerning. With no auditor mentioned, the financial statements are unaudited. The company’s accounts are prepared in accordance with Financial Reporting Standard 102 and the Companies Act 2006. The company is entitled to exemption from audit under Section 477 of the Companies Act 2006.

Registered in England/Wales under the registration number 04924751, with a registered address at CM8 1AA, England, Witham, Essex, 67 Newland Street.

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