Plaza Collection Limited

Plaza Collection Ltd from Manchester UK is a small, holding company with an active status, established 25 years ago in 1999. Employing 35 people, the company holds £4,884,092 in assets and operates from a real address, overseen by three directors and a single owner. It’s a regular importer of clothing and accessories (excluding knitted or crocheted items), with 219 months of import activity recorded, and a regular exporter, with 15 months of export activity.

The company’s website is non-existent, which is a bit strange. It’s difficult to determine what the company is doing beyond the import and export of clothing and accessories. It’s likely that Plaza Collection Ltd acts as a wholesale distributor, supplying retailers or other businesses with these goods, but without a website, it’s impossible to confirm.

Financially, Plaza Collection Ltd shows a mixed picture. While cash reserves fell by a significant 68% to £520,000, net assets increased by 31% to £4,500,000. Bank borrowings have increased by 35%, reaching £18,000. Trade debtors have decreased by 6.6%, and creditors have fallen by 56%, which is a positive sign. The company’s average number of employees increased by 14% to 40, which may be contributing to the rise in bank borrowings. The company’s investments fixed assets have increased by 22%, which suggests that the company is investing in its future.

The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to be flexible. However, the sharp decrease in cash reserves and the increase in bank borrowings are concerning. The company’s financial statements are unaudited, which means that there is no independent verification of the numbers. The company’s auditor is Matthews Sutton & Co Ltd.

Overall, Plaza Collection Ltd appears to be facing some financial challenges, but it is still a viable business. The company’s strong import and export activity, combined with its small size and flexibility, should help it to weather the storm.

Registered in England/Wales under the registration number 03771056, with a registered address at M8 8NN, England, Manchester, Greater Manchester, Om House, 32 Broughton Street.

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