Portable Multimedia Limited

Portable Multimedia Limited, based in London, UK, is a large holding company with an active status, having been incorporated 24 years ago in July 2000. The company employs 122 people and holds assets totaling £9,751,515. While it has eight directors and one owner, the registered address at 230 Blackfriars Road is likely a virtual one, as eleven companies share the same address. The company regularly imports and exports electrical machinery and equipment, with 427 months of import activity and 200 months of export activity recorded.

Portable Multimedia Limited operates as the parent company to Nextbase, a well-known brand specializing in dash cams. Its website prominently features the sale of these dash cams, offering various models, promotional deals (like Easter discounts and Black Friday sales), and financing options through Klarna and PayPal. The site also highlights business solutions, fleet assistance, and a comprehensive support section. The company’s branding is consistent across its online presence, emphasizing quality, innovation, and customer service.

Financially, Portable Multimedia Limited’s performance presents a mixed picture. While turnover remained steady, net assets declined significantly, dropping 150% to -£19 million. Cash reserves also decreased by 41%, falling to £430,000. However, bank borrowings saw a substantial reduction, decreasing by 77% to £2.1 million—a positive sign of improved debt management. Creditors, however, increased by 35%, reaching £10 million. The company's size (meeting two of three criteria for a large company) and the absence of an auditor (likely exempt due to its size) mean the figures are unaudited.

The decrease in net assets, despite steady turnover, suggests potential challenges in profitability or increased capital expenditures. The reduction in bank borrowings is a positive development, but the increase in creditors warrants monitoring. The company’s focus on the dash cam market, particularly through the Nextbase brand, appears to be driving sales, but the long-term financial health will depend on maintaining profitability and managing its debt obligations.

Registered in England/Wales under the registration number 04038169, with a registered address at SE1 8NW, England, London, 230 Blackfriars Road.

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