Polo Traders Ltd

Polo Traders Ltd, based in Ilford, UK, is a small, active company founded just three years ago in 2021. With two employees and £110,902 in assets, it operates as a solo-founded venture led by a single director and owner. The company runs an e-commerce site and specializes in the wholesale and retail of textiles, operating within the specialised stores industries. It’s an irregular importer, with its top import category being Clothing and accessories made by knitting or crocheting, totaling 1 months of imports, with the last operation conducted on November 01, 2023.

The company's website, Polo Traders Ltd, highlights a focus on wholesale and retail textile sales, catering to a range of commercial customers. While the site doesn't offer extensive details about its product range, it emphasizes a commitment to quality and customer service. It's a small operation, meeting two of three criteria for a small company: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

Financially, Polo Traders Ltd presents a mixed picture. Cash bank on hand increased by a healthy 35% to £19,000, and current assets grew by 8.1% to £110,000. However, net assets experienced a dramatic surge, jumping 870% to £21,000 – a significant turnaround. Trade debtors also increased substantially, rising 100% to £61,000, which could indicate increased sales or potentially delayed payments. Creditors decreased by -8.7% to £96,000. It's worth noting that the company’s retained earnings accumulated losses increased by 870%, which could be a cause for concern. With no auditor mentioned, the figures are unaudited.

Overall, Polo Traders Ltd appears to be navigating a period of growth, but the increase in debtors and the significant change in retained earnings warrant further observation. The company’s small size and e-commerce focus allow for agility, but sustained profitability will depend on effective debt management and continued sales momentum.

Registered in England/Wales under the registration number 13509720, with a registered address at IG6 2QH, England, Ilford, 90 Tomswood Hill.

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