Pl Distribution Ltd

PL Distribution Ltd, based in Stockport, UK, is a sizable company with an active status, having been founded seven years ago. Employing 56 people and boasting assets of £15,990,509, it operates from a real address and is managed by a single director, although no owners are officially listed. Its Google rating stands at 3.0 based on two reviews. The company regularly imports and exports essential oils and perfumes, with 86 months of import activity and 14 months of export activity recorded.

The company's website, while minimal, redirects to a page suggesting a connection to a larger entity. PL Distribution Ltd appears to be primarily engaged in the wholesale of perfume and cosmetics, and the retail sale of cosmetic and toilet articles. It's likely operating as a distributor for various brands, supplying retailers and potentially direct to consumers.

Financially, PL Distribution Ltd’s recent performance presents a mixed picture. Current assets have increased significantly, jumping 160% to £16,000,000, a positive sign of increased liquidity. However, net losses have deepened considerably, rising 420% to £8,200,000. Bank borrowings have surged by a staggering 190%, reaching £670,000, and cash reserves have plummeted 30% to £340,000. Creditors have decreased by 49%, suggesting improved debt management. The company meets two of three criteria to be considered large, with turnover exceeding £36 million and balance sheet total exceeding £18 million. The lack of an auditor is likely due to its size, meaning the financial statements are unaudited.

The sharp increase in losses, despite the rise in assets, is concerning. It’s possible that the company has invested heavily in inventory or marketing, or perhaps it’s facing increased competition or rising costs. The surge in bank borrowings suggests a need for additional financing, and the decline in cash reserves could indicate a potential liquidity crunch. While the company's strong asset base provides a cushion, it will need to address these financial challenges to ensure its long-term sustainability.

Registered in England/Wales under the registration number 11227078, with a registered address at SK3 0RT, United Kingdom, Stockport, Cheshire, Unit A Orion Business Park, Cheadle Heath.

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