Pith & Stem Ltd

Pith & Stem Ltd is a small, active company based in Hoddesdon, UK, founded four years ago in 2020. The company, with three employees and £223,932 in assets, operates from a real address and is led by a solo founder who also serves as director and owner. While it occasionally imports miscellaneous metal items (two months of activity), its primary focus is exporting furniture, lighting, and prefabricated buildings – a consistent activity spanning 42 months, the last in December 2024.

The company’s website, DropTop, specializes in wall-mounted, folding desks designed for the modern work-from-home setup. Marketed as "The Ultimate WFH Desk," DropTop aims to blend functionality and style, offering a space-saving solution for remote workers. The site highlights ergonomic design, customizable options, and a range of colours and materials. DropTop also offers a comparison gallery and customer gallery, showcasing the product in various settings. The company's blog and press section further reinforce its position as a leader in the WFH desk market.

Financially, Pith & Stem Ltd presents a mixed picture. While cash reserves increased by a significant 110% to £46,000, net assets declined by 19% to -£160,000. Creditors rose by 11% to £400,000, and trade debtors decreased slightly. The number of employees increased from three to four, suggesting growth but also potentially increased operational costs. Depreciation impairment property plant equipment increased by 120%, which could be due to new equipment purchases. The company’s small size (meeting two of three conditions for being classified as small) allows for flexibility, but the decline in equity warrants attention. As a small company, it is exempt from an audit, relying on unaudited financial statements.

It seems Pith & Stem Ltd is experiencing some turbulence, but the company's focus on a growing market and its innovative product could help it weather the storm.

Registered in England/Wales under the registration number 12877715, with a registered address at EN11 0EE, United Kingdom, Hoddesdon, Hertfordshire, Unit 8 Rawmec Industrial Park, Plumpton Road.

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