Premfast Ltd

Premfast Ltd, based in Poole, UK, is a small holding company with an active status, established sixteen years ago. The company employs seventeen people and operates from a real address, managed by two directors and one owner, boasting a perfect 5.0 Google rating from three reviews. It’s an irregular importer, primarily dealing with optical and medical tools and devices, with the last import operation recorded just one month ago.

The company’s website highlights its role as a premium supplier of fasteners and industrial consumables. Beyond just fasteners, Premfast offers a wide range of engineering consumables and even provides services like inventory management systems (DLF or VMI) and a comprehensive online tools catalogue. They cater to both trade and retail customers, offering delivery options ranging from small parcels to palletized shipments. The site also emphasizes quality, holding a UKAS ISO 9001:2015 certificate, and even features a trade counter with extended opening hours.

Financially, Premfast Ltd presents a mixed picture. While net assets increased by 14% to £370,000, cash reserves took a significant hit, falling 74% to £34,000. Bank borrowings, however, remained stable at £57,000. Creditors decreased by 29%, suggesting improved debt management, but trade debtors also fell by 12%. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The increase in future minimum lease payments, however, by 780%, raises concerns about long-term financial obligations. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

Overall, Premfast Ltd appears to be navigating a period of change. The company's focus on quality fasteners and value-added services, combined with its ISO 9001 certification, positions it well in the market. However, the declining cash reserves and rising lease payments warrant close monitoring.

Registered in England/Wales under the registration number 06678170, with a registered address at BH12 3PF, United Kingdom, Poole, Dorset, Unit 1 Wessex Trade Centre, Ringwood Road.

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