Poan Limited

Poan Limited is a small, active company based in London, UK, established nine years ago in 2016. With four employees and £617,313 in assets, it operates from a real address at 37 Soho Square. The company is led by one director and has two owners, although the list of owners changed nine months ago. Poan Limited regularly imports clothing and accessories that aren’t knitted or crocheted (43 months of import activity, latest in September 2023), and exports clothing and accessories made by knitting or crocheting (8 months of export activity, latest in February 2023). The company operates in the specialised design activities industries.

The company’s website is not available, making it difficult to assess its online presence or e-commerce activities. It’s unclear whether Poan Limited has a dedicated online store or relies on wholesale channels.

Financially, Poan Limited’s recent performance shows mixed signals. Cash reserves have declined by 36%, dropping to £13,000, while creditors have increased significantly, rising 27% to £3,900,000. Bank borrowings have also seen changes, with overdrafts decreasing by 44% to £7,500, but current assets have increased by 51%, reaching £620,000. The company’s size qualifies it as small, meeting two of three criteria (turnover under £10.2m, assets under £5.1m, fewer than 50 employees). Equity has decreased by 16%, reaching -£4,500,000, which is a significant drop. The company’s accounts are unaudited, and no auditor is mentioned.

The increase in creditors alongside a decrease in cash reserves suggests the company is managing its short-term liabilities carefully, but it is burning through money. The decrease in equity is a worrying sign, indicating the company may be struggling to retain earnings. The company’s small size and focus on specialised design activities may offer some agility, but the financial trends warrant close monitoring.

Registered in England/Wales under the registration number 09982582, with a registered address at W1D 3QZ, England, London, 37 Soho Square.

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