Picart Print & Design Ltd

Picart Print & Design Ltd, based in Cardiff, UK, is a small holding company with an active status. Founded seven years ago in 2018, the company employs just one person and holds £46,129 in assets. It operates from a real address and is overseen by one director and owner. The company is an irregular importer of wood and wood products, with two months of import activity recorded, the last in July 2022.

The company’s website showcases a wide range of printing services, from business cards and flyers to large-format posters and packaging solutions. It's a fully-fledged e-commerce operation, offering custom printing options and catering to both individual and business clients. The site highlights its commitment to quality, speed, and reliability, with a focus on providing a user-friendly online experience. It’s clear they’re aiming to be a one-stop shop for all printing needs.

Financially, Picart Print & Design Ltd presents a mixed picture. While its current assets increased by a significant 380%, reaching £46,000, net assets declined by 59%, settling at -£14,000. Bank borrowings surged by a remarkable 1,600%, reaching £50,000, and cash reserves fell by nearly 50% to £11,000. Creditors also increased substantially, reaching £50,000. The company meets the criteria to be considered a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The lack of an auditor is typical for a small company, and the figures are unaudited.

The substantial increase in bank borrowings and decrease in cash reserves suggests the company may be burning through money, perhaps to invest in new equipment or expand its services. However, the growth in current assets indicates increased sales activity. It's possible the company is in a growth phase, but needs to carefully manage its finances to ensure long-term sustainability.

Registered in England/Wales under the registration number 11302587, with a registered address at CF14 8LH, Cardiff, 11302587 - COMPANIES HOUSE DEFAULT ADDRESS.

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