Pick Me Up Products Limited

Pick Me Up Products Limited, based in Wellington, UK, is a small, family-run business with an active status. Founded 20 years ago, the company employs six people and holds £159,232 in assets. With a real registered address and two directors and owners (Claire and Guy Broom) at the helm, it’s a tight-knit operation. The firm is a regular importer, with its top import category being Miscellaneous manufactured goods, totaling 24 months of imports. The last import operation was conducted on September 01, 2024.

The company operates as agents involved in the sale of furniture, household goods, hardware, and ironmongery. While no website is available to analyze, this suggests a business-to-business model rather than direct consumer sales. It’s likely they source goods and distribute them to retailers or other businesses.

Financially, Pick Me Up Products Limited presents a mixed picture. Current assets remained relatively stable at around £160,000, however, net assets decreased by 24% to £63,000. Bank borrowings decreased by 14% to £33,000, and cash reserves also decreased by 12% to £32,000. Creditors also decreased by 14% to £33,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the decrease in equity raises questions about its long-term financial health. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The significant drop in net assets, despite stable current assets, suggests a possible decrease in retained earnings or an increase in intangible assets. It’s possible the company has been investing in its business, or perhaps it's facing challenges in converting sales into profits. The decrease in cash reserves also warrants attention, although it’s not necessarily a cause for alarm given the company's small size.

Registered in England/Wales under the registration number 05396088, with a registered address at TA21 9PZ, Wellington, Somerset, 21b Ryelands Business Park, Rockwell Green.

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