Platinum Supplies Ltd

Platinum Supplies Ltd, based in London, UK, is a small, active company established thirteen years ago. With four employees and £494,333 in assets, it operates from a real address and is led by a solo founder and director. The company runs an e-commerce site and enjoys a stellar 5.0 Google rating from 59 reviews. Platinum Supplies specializes in importing basic metal tools and utensils, with recent activity spanning three months.

The company’s website, Platinum Chemicals, showcases a wide range of products, primarily focused on damp proofing, waterproofing, and condensation control. It’s a comprehensive supplier of building materials, offering everything from damp proof membranes and tanking slurry systems to Nuaire PIV units and structural repair solutions. The site’s extensive catalog and detailed product descriptions suggest a focus on professional contractors and building professionals. It also features a blog with helpful guides and advice on various building-related topics.

Financially, Platinum Supplies Ltd shows a mixed picture. Cash bank holdings increased significantly by 590%, reaching £150,000, a positive sign of improved liquidity. However, current assets also rose by 9.3% to £490,000, while net assets only increased by 3.8% to £280,000. Creditors increased by 20% to £220,000, and trade debtors rose by 2.7% to £100,000. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain nimble, but the relatively slow growth in equity compared to assets could indicate challenges in converting sales into profit. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

Overall, Platinum Supplies Ltd appears to be a healthy, albeit small, business with a strong online presence and a focus on specialized building materials. The increase in cash reserves is encouraging, but the company will need to manage its creditors and ensure sales translate into improved equity to sustain long-term growth.

Registered in England/Wales under the registration number 07788451, with a registered address at E11 4PB, London, 531a High Road, Leytonstone.

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