Pimak Limited

Pimak Limited, based in Newport, UK, is a small, family-run business with an active status, established seven years ago in 2018. The company, which has two directors and two owners, operates a real address and boasts a stellar 5.0 Google rating from 17 reviews. It’s a regular importer, specializing in machinery, boilers, and mechanical appliances, with 21 months of import activity recorded up to June 2023. Pimak also runs an e-commerce site.

The company’s website, Pimake Catering, is dedicated to commercial kitchen equipment. It offers a wide range of products, from refrigerators and freezers to ovens, dishwashers, and cooking equipment. The site emphasizes quality, durability, and innovation, catering to restaurants, hotels, and catering businesses. It even has a section dedicated to used equipment. The website also highlights its ability to design and manufacture bespoke kitchen solutions.

Financially, Pimak Limited's latest report reveals a mixed picture. Cash bank on hand has plummeted by a staggering 86%, dropping to just £7,500. Bank borrowings, however, have decreased by 15%, settling at £34,000. Current assets have risen by 30% to £70,000, while net assets have increased by 21% to £59,000. Creditors have also decreased by 15%, suggesting improved debt management. The company meets two of three criteria for being a small company: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The significant drop in cash reserves, however, raises concerns about the company's liquidity. With no auditor mentioned (likely exempt as a small company), the figures are based on unaudited statements.

The company’s two directors, Cecen Ismail and Cecen Memet, also serve as its owners, and their roles were changed six months ago. The company’s operations are described as wholesale of other machinery and equipment. Overall, Pimak Limited appears to be navigating a period of financial adjustment, balancing its growth in the catering equipment market with the need to manage its cash flow effectively.

Registered in England/Wales under the registration number 11368384, with a registered address at NP20 2AL, Newport, Gwent, 13 Granville Lane.

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