Premeum International Limited

Premeum International Limited, based in Nottingham, UK, is a small, active company founded six years ago. Despite its active status, the company is facing some challenges, with both accounts and confirmation statements overdue for a year. Employing just four people and holding £70,507 in assets, it operates from a virtual address – a detail flagged by the fact that eleven companies share the same registration address. The business is a family affair, managed by three directors and two owners, and irregularly imports electrical machinery and equipment, with the last import occurring over a year ago.

The company’s website is currently under maintenance, displaying a simple “Site is Under Maintenance” message, with a sign-in prompt. This suggests limited online presence and potentially restricts customer interaction.

Financially, Premeum International Limited is showing concerning trends. While the company is small, meeting two of three criteria for a small company, its net assets have plummeted by a significant 240%, reaching -£64,000. Cash reserves have also fallen dramatically, decreasing by 75% to just £14,000. Bank borrowings have increased substantially, rising by 700% to £13,000. Creditors have doubled, suggesting increased reliance on short-term financing. Despite these pressures, trade debtors have risen sharply, potentially indicating difficulties in collecting payments. The company’s unaudited financial statements, which are exempt due to its small size, don’t mention an auditor. The decline in equity and cash reserves, coupled with increased debt, suggests the company is burning through money and may need to address its financial management.

Registered in England/Wales under the registration number 11445144, with a registered address at NG6 8TQ, England, Nottingham, The Clocktower Park Road, Bestwood Village.

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