Practical Business Improvements Ltd

Practical Business Improvements Ltd, based in Ellon, UK, is a small holding company with an active status. Founded eleven years ago in 2013, it employs five people and holds assets totaling £2,390,910. The company has a real address, is overseen by three directors and one owner, and enjoys a perfect 5.0 Google rating based on a single review. It’s an irregular importer of plastics and plastic products, with just one month of import activity recorded back in 2018.

The company operates in the management consultancy industry, providing services beyond just financial management. While no website is available to examine, its business model appears to focus on providing consultancy services.

Financially, Practical Business Improvements Ltd presents a mixed picture. Current assets increased by a significant 42% to £2,400,000, while net assets also grew by 22% to £2,100,000. However, accrued liabilities deferred income dropped by 71% to £8,000, and bank cash fell by 130% to £500,000. Creditors increased by 25% to £280,000, suggesting a need to manage debt. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The rise in other creditors, increasing by 880% to £12,000, may indicate a reliance on short-term financing. With no auditor mentioned, the financial statements are unaudited.

Overall, Practical Business Improvements Ltd seems to be growing, but the decrease in cash reserves and the increase in short-term debt warrant careful monitoring.

Registered in Scotland under the registration number SC457198, with a registered address at AB41 7PU, Scotland, Ellon, 4 Braiklay Avenue, Tarves.

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