Poplar Attractions Limited

Poplar Attractions Limited is a small, active company based in Portsmouth, UK, founded five years ago in January 2020. With six employees and £374,323 in assets, it operates from a virtual address – 75 other companies are registered at the same location – and is led by a single director and owner, Irvin David Peter John. The company’s core business involves manufacturing special-purpose machinery and providing amusement and recreation activities, and it’s an irregular importer of machinery, boilers, and mechanical appliances, with its last import operation recorded two months ago in April 2024.

The company's website, while not detailed, indicates a focus on these two industries. There's no clear indication of e-commerce functionality, suggesting a business-to-business model rather than direct sales to consumers. It's likely that Poplar Attractions Limited supplies equipment or services to other businesses in these sectors.

Financially, Poplar Attractions Limited presents a mixed picture. While cash bank on hand increased by 38% to £350,000, net assets liabilities decreased by 33% to £73,000. Trade creditors have also increased significantly, ballooning by 2800% to £150,000, which could indicate increased reliance on credit from suppliers. Despite these challenges, the company's current assets have increased by 46% to £370,000, and bank borrowings have decreased, suggesting some degree of financial stability. The company meets two of the three criteria to be considered small: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. The unaudited accounts, as is typical for small companies, rely on director-reported data.

The increase in employee numbers, from six to ten, could be a positive sign of growth, but it also means higher wage expenses. It's worth noting that the company’s net current assets liabilities have decreased, which could be a result of better debt management. Overall, Poplar Attractions Limited appears to be navigating a period of change, balancing growth with financial pressures.

Registered in England/Wales under the registration number 12408941, with a registered address at PO6 1RU, England, Portsmouth, 49a Fitzherbert Road.

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