Pisani Limited

Pisani Ltd from Wickford UK: a small holding company with an active status, was founded six years ago and employs six people. It holds £1,290,946 in assets and operates from a virtual address, with two directors and one owner. Its Google rating is 5.0 based on two reviews, and it regularly imports stone, plaster, cement, and similar material products (23 months imported). The company operates in the wholesale of other intermediate products industries.

The business appears to be a holding company with a focus on importing materials. While it has a real registered address, the fact that twenty-one companies share the same location suggests it’s likely a virtual address. This can be a cost-saving measure, but it’s something to be aware of. The company’s Google rating is excellent, indicating high customer satisfaction, though the small number of reviews limits the significance.

Financially, Pisani Ltd presents a mixed picture. While current assets have increased by a healthy 38% to £1,300,000, cash reserves have dramatically fallen by 85% to a mere £8,800. This suggests the company may be reinvesting heavily in its business, perhaps increasing inventory levels—as evidenced by a 70% increase in total inventories—or potentially facing cash flow challenges. Bank borrowings have also increased by 18% to £190,000, which could be a result of funding this expansion. Creditors have increased by 58% to £1,000,000, which is not necessarily a bad thing if it’s tied to increased purchasing, but it does warrant monitoring. 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 remain flexible, but the sharp drop in cash reserves is a cause for concern. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company’s net assets, however, have only increased slightly by 5.4% to £280,000. This suggests that while the company is growing, it’s not necessarily generating significant profits. The increase in trade debtors, by 24%, could indicate that the company is having trouble collecting payments from its customers, or it could be a result of offering more generous credit terms. The company’s deferred tax policy is to recognise deferred tax in respect of all timing differences. The company operates a defined contribution pension scheme.

Registered in England/Wales under the registration number 11383053, with a registered address at SS11 8YU, United Kingdom, Wickford, 1 Sopwith Crescent.

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