Polly King Limited

Polly King Ltd from London UK: a small holding company with an active status, was founded 17 years ago. It employs 21 people and holds £1,683,137 in assets, operating from a real address. With one director and two owners (though the list may not be exhaustive), it boasts a respectable Google rating of 4.0 based on three reviews. The company regularly imports and exports clothing and accessories, not knitted or crocheted, with 33 months of import activity and 30 months of export activity recorded.

The company’s website is not available, which makes it difficult to determine the extent of its online presence. It’s likely that Polly King Ltd operates as a wholesale supplier, rather than a direct-to-consumer retailer. The wholesale of clothing and footwear industries is the company’s main focus.

Financially, Polly King Ltd presents a mixed picture. Current assets have decreased by 16%, dropping to £1,700,000, while net assets have also declined by 16%, settling at £950,000. Bank borrowings remained steady, and cash reserves increased by 25%, reaching £250,000. Trade debtors have seen a significant increase of 9.6%, suggesting a possible shift in payment terms or increased sales volume. However, creditors have decreased by 8.8%, indicating improved debt management. 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 for flexibility, but the decline in equity warrants closer attention. The accounts are unaudited, likely due to the company’s small size and exemption from an audit.

The decrease in average employees, from 21 to 17, is a notable trend. This could be a response to economic pressures, a restructuring of operations, or a strategic decision to streamline the workforce. It’s possible that the company is seeking to reduce costs and improve efficiency. The increase in deferred income, however, suggests that the company may be experiencing a slowdown in sales, or that it is offering more payment plans to customers. It's worth noting that the company's financial instruments are subject to the provisions of Section 11 of FRS 102.

Registered in England/Wales under the registration number 06551386, with a registered address at EC1N 6TD, United Kingdom, London, 26-28 Ely Place, Farringdon.

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