Pioneer (luminum) Ltd

Pioneer Luminum Ltd, based in Blaydon-On-Tyne, UK, is a small, active company established 29 years ago. With £21,559 in assets and two directors, it’s a long-standing business, although accounts are currently overdue by a year. The company operates as an irregular importer, primarily dealing with miscellaneous metal items, with the last import occurring in August 2022.

The company’s website, Pioneer Aluminium Industries Limited, reveals a focus on manufacturing metallurgical-grade alumina and aluminium hydrate. Strategically located on India’s east coast, it benefits from proximity to key ports and aluminium smelters in the Middle East and Southeast Asia, facilitating efficient import and export operations. The website highlights a commitment to sustainability, emphasizing safety protocols, power optimization, and water conservation. It also details a focus on quality, with museum-grade piano restoration services offered alongside its core alumina production.

Financially, Pioneer Luminum Ltd presents a mixed picture. While bank borrowings decreased by 3.6%, cash reserves increased by a substantial 190% to £620. However, net assets declined by 1.8% to -£40,000, and net current assets plummeted 150% to -£1,800. Trade debtors rose by a significant 64%, suggesting potential issues with customer payments. The company meets the criteria for a small business, with turnover below £10.2 million, assets under £5.1 million, and no employees reported. As a small company, it is exempt from an audit, and the figures are unaudited. The decline in equity, despite increased cash reserves, warrants further investigation, but the company’s strategic location and focus on sustainability could offer long-term advantages.

Registered in England/Wales under the registration number 03167668, with a registered address at NE21 6EA, England, Blaydon-On-Tyne, 32 Burn Road.

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