Platinum Sales And Distribution Limited

Platinum Sales And Distribution Ltd, based in Lincoln, UK, is a small, active company founded nine years ago. With five employees and £847,629 in assets, it’s a modest operation led by three directors and two owners. The company enjoys a perfect 5.0 Google rating based on one review, and is known as a regular importer of glass and glassware, with 11 months of import activity recorded, the last in February 2025.

The company operates within the architectural activities industries, and its website, though currently unavailable, suggests a focus on sales and distribution. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50.

Financially, Platinum Sales And Distribution Ltd shows a mixed picture. Cash bank on hand increased by 18% to £800,000, a positive sign. However, debtors decreased significantly by 67%, and inventories also fell by 24%, which could indicate issues with sales or inventory management. Creditors, on the other hand, decreased by 42%, suggesting better debt management. Equity increased by 39%, reaching £490,000, which is a good sign, but it's worth noting that the company's net current assets liabilities also increased by 44%. The company’s property plant equipment decreased by 5.8%. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

Overall, Platinum Sales And Distribution Ltd appears to be navigating a period of change. The increase in cash reserves is encouraging, but the decline in debtors and inventories warrants closer attention. The company’s small size allows for flexibility, but its future success will depend on its ability to manage its finances and adapt to market conditions.

Registered in England/Wales under the registration number 09614856, with a registered address at LN3 4NR, United Kingdom, Lincoln, Lincolnshire, 12 Crofton Drive.

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