Portzone Ltd.

Portzone Ltd from Manchester UK: a small, active company founded 13 years ago, operates with a lean team of three employees and holds £113,461 in assets. Run by a solo founder and single director, the company boasts a real address and an e-commerce site. It regularly imports clothing and accessories (excluding knitted or crocheted items), with its last import activity recorded three months ago.

The company’s core business revolves around the retail sale of clothing in specialised stores. While the website isn’t currently active, its presence suggests a focus on online sales. It’s a small company, meeting two of three conditions: turnover less than £10.2 million, balance sheet less than £5.1 million, and fewer than 50 employees.

Financially, Portzone Ltd’s picture is a bit mixed. Current assets have increased by 25% to £110,000, which is good. However, net assets have decreased by a significant 58%, dropping to -£320,000. Bank borrowings have also increased, rising by 12% to £8,900. Creditors have jumped by 35%, reaching £190,000. Trade debtors have seen a massive increase of 270%, now at £34,000. Cash reserves have fallen 57% to just £1,400. The company’s lack of employees (three reported) keeps overhead low, but the decline in equity raises concerns. With no auditor mentioned, the financial statements are unaudited.

Overall, Portzone Ltd appears to be facing some financial headwinds, despite a rise in current assets. The company’s small size and solo leadership may provide agility, but the negative equity and declining cash reserves suggest a need for careful management.

Registered in England/Wales under the registration number 07793940, with a registered address at M3 1FB, Manchester, 149 Great Ducie Street.

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