Polti (uk) Limited

Polti (UK) Limited, based in Salford, UK, is a large holding company with an active status, having been incorporated seventeen years ago in May 2007. The company employs seven people and holds assets valued at £1,468,869. With a yearly revenue of £2,974,557, it operates a real address and is managed by two directors and one owner. Its Google rating stands at a respectable 4.0 based on thirteen reviews, and it runs an e-commerce site. Polti (UK) Limited regularly imports electrical machinery and equipment (108 months) and occasionally exports machinery, boilers, and mechanical appliances (1 month).

The company’s operations encompass the wholesale of coffee, tea, cocoa and spices, the wholesale of household goods (other than musical instruments) n.e.c., and the retail sale via mail order houses or via internet industries. It’s a holding company, likely supporting the wider Polti group, and its website suggests a focus on household appliances and cleaning solutions. The company's website is not available for analysis.

Financially, Polti (UK) Limited shows a mixed picture. Current assets increased by 15% to £1,500,000, while net assets decreased by 0.84% to -£5,100,000. Bank borrowings remained stable, and cash reserves increased by 56% to £150,000. Creditors increased by 2.2% to £6,600,000. Turnover increased by 20% to £3,000,000, and the company’s losses decreased significantly, from -£990,000 to £43,000. The company meets two of three criteria for a large company, with turnover exceeding £36 million, balance sheet total exceeding £18 million, and more than 6 employees. The accounts are audited by Gortons.

The company’s reliance on the wider Polti group for financial, product, and technical support is noted. The decrease in net assets, despite increased turnover, suggests potential challenges in managing expenses or converting sales into profit. The company’s continued operation, despite substantial liabilities, indicates strong support from its parent company and a viable business model.

Registered in England/Wales under the registration number 06248335, with a registered address at M50 3SG, England, Salford, The Junction, Merchants Quay.

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