Plagats Limited

Plagats Limited is a small, active company based in Derby, UK, founded four years ago in 2020. It’s a solo-founded operation with seven employees and £5,770 in assets, operating from a real address on Glossop Street. The company is led by a single director and owner, Ojelabi Temidola Adedayo Mitchel, and runs an e-commerce site. Plagats aims to bring “the world of couture and luxury products” to customers' fingertips.

The website showcases a wide range of products, from automotive parts to groceries, beauty products, and electronics—a diverse selection aimed at a broad customer base. It features flash sales, deals, and a seller registration portal, suggesting an ambition to become a marketplace. It's a busy site, with numerous categories and brands listed, and a clear focus on attracting both buyers and sellers.

Financially, Plagats Limited presents a mixed picture. While cash bank on hand decreased by almost 10%, creditors dropped significantly by over 50%, which could indicate improved debt management. However, provisions for liabilities increased substantially by over 300%, which is a worrying trend. The number of employees decreased by nearly 30%, which may be a cost-cutting measure or a sign of operational challenges. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the increased liabilities and reduced workforce suggest a need for careful management. No auditor is mentioned, likely due to the company's small size and exemption from an audit. The accounts are unaudited, so the figures rely on director-reported data.

Registered in England/Wales under the registration number 12921751, with a registered address at DE24 8DW, Derby, Derbyshire, 115 Glossop Street.

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