Plumb Galaxy Ltd

Plumb Galaxy Ltd from Manchester UK: a small holding company with an active status, was founded 14 years ago in 2010. It employs 16 people and holds £10,985,213 in assets, operating from a real address. With two directors and one owner, the company regularly imports machinery, boilers, and mechanical appliances; parts, with 91 months of import activity recorded, the last in 2020.

The company operates in the retail sale via mail order houses or via internet industries. However, the website currently displays "Coming Soon" with contact details – a phone number and an email address – suggesting a transition or a new venture. It’s a bit odd, really.

Financially, Plumb Galaxy Ltd presents a mixed picture. While cash reserves increased by 12% to £1.7 million, current assets fell 150% to £6.2 million. This is a bit confusing, isn’t it? Trade debtors increased dramatically by 610%, reaching £4.5 million, which could indicate delayed payments or a shift in credit policies. Creditors also increased significantly by 240%, reaching £3 million. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s likely exempt from an audit, so the figures are unaudited. Equity, however, has improved, decreasing by 14% to -£9.2 million.

The company’s financial data shows a lot of movement, and it’s hard to tell exactly what’s going on. It seems like they're struggling to manage their debts, but they're also bringing in more revenue. The company's directors, Johnson Peter and Mei Sheng Song, are likely working hard to keep things on track, but it’s a challenging situation.

Registered in England/Wales under the registration number 07318151, with a registered address at M23 9LJ, England, Manchester, Unit 16 Floats Road, Roundthorn Industrial Estate.

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