Pixel Premium Ltd

Pixel Premium Ltd is a small, active company based in London, UK, established nine years ago in 2016. With a single employee and £21,043 in assets, it operates from a virtual address—a detail flagged by the presence of forty-six other companies registered at the same location. The company is led by one director and two owners, though the list of owners hasn’s changed in nine years. It functions as an irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings, with the last import operation occurring one month ago in May 2023.

The company's website, pixelpremium.co.uk, focuses on selling magnetic letter sets for children, marketed as "ABC Magnets." The site emphasizes educational value, highlighting the product's ability to improve reading and spelling skills. It even offers a bonus download of educational ebooks. The business model appears to be e-commerce, selling directly to consumers through Amazon.

Financially, Pixel Premium Ltd presents a concerning picture. Net assets have plummeted 76%, dropping to just £9,000—a significant decrease from £38,000 the previous year. Cash reserves have also suffered, falling 74% to £15,000. While trade debtors have increased by 14%, indicating potentially delayed payments, creditors have decreased by 32%, suggesting improved debt management. The company's small size—meeting two of three criteria for a small company—helps it remain flexible, but the sharp decline in equity raises questions about its financial health. The company is exempt from an audit, so the figures are unaudited.

The sudden drop in assets and cash reserves, coupled with the increase in bank borrowings, suggests Pixel Premium Ltd may be burning through cash. While the ABC Magnets product seems well-received, the company’s financial trajectory warrants close monitoring.

Registered in England/Wales under the registration number 09956958, with a registered address at E14 9XH, England, London, Office M-05, Millharbour Court, 6 Watergate Walk.

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