Philpotts (leicester) Limited

Philpotts Leicester Ltd from Melton Mowbray UK is a small holding company with an active status, established twenty years ago. The company employs just three people and holds assets valued at £499,108. It operates from a virtual address, a detail flagged by the fact that sixty-five companies are registered at the same location. Four directors oversee the business, which is owned by a single individual. Philpotts Leicester Ltd is an irregular importer, primarily dealing in cotton products, with its last import operation recorded one month ago in January 2020.

The company’s operations center around packaging activities, and it's a holding company, which suggests it may have investments in other businesses. The company’s website is not available, so it’s difficult to determine if it’s involved in e-commerce or other online sales.

Financially, Philpotts Leicester Ltd presents a mixed picture. Current assets have increased by a substantial 51%, reaching £500,000, while net assets have also risen by 29%, reaching £160,000. Bank borrowings have decreased significantly by -28%, dropping to £22,000, and cash reserves have fallen by 18% to £140,000. Creditors have increased by 76%, reaching £320,000, and trade debtors have surged by 130%, reaching £360,000. The company’s small size—meeting two of three conditions for being classified as small—helps it remain flexible. The lack of an auditor mentioned suggests the company is exempt from an audit.

Despite the increase in assets, the rise in creditors and debtors suggests the company might be facing cash flow challenges. The decrease in cash reserves is also a concern, though the increase in assets is a positive sign. It's possible that the company is investing in growth, but careful management of its liabilities will be crucial.

Registered in England/Wales under the registration number 05180057, with a registered address at LE13 0PB, England, Melton Mowbray, Pera Business Park, Nottingham Road.

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