Premier Diamond Products Limited

Premier Diamond Products Ltd, based in Southampton, UK, is a small, family-run business with an active status, celebrating 30 years since its founding in 1994. Employing 14 people, the company holds £1,913,007 in assets, though its registered address is a virtual one, shared by ninety-seven other companies. Five directors and three owners (though the list isn't exhaustive) guide the business, which operates as a regular importer and exporter of basic metal tools and utensils.

The company specializes in supplying diamond blades, core drills, grinders, and related equipment to tool shops, online retailers, and other businesses across the UK and Europe. It also offers private label services, allowing wholesalers to sell products under their own brand. Their website highlights a wide range of products, from diamond blades to power tool accessories, catering to construction and industrial sectors. The business even has a SiteTuff branded line of products, emphasizing quality and safety.

Financially, Premier Diamond Products Ltd shows a mixed picture. Creditors decreased by 21%, suggesting better debt management, and net assets increased by 33% to £1.5 million. However, bank borrowings decreased by 53%, and cash reserves increased by 49% to £400,000. Future minimum lease payments increased significantly by 330%, which could indicate expansion plans or renegotiated contracts. Despite a decrease in net losses, the company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it remains vulnerable to economic fluctuations. The lack of an auditor mentioned (likely exempt as a small company) means the financial information relies on unaudited statements.

Registered in England/Wales under the registration number 02965789, with a registered address at SO14 3TG, United Kingdom, Southampton, Hampshire, The Quay 30 Channel Way, Ocean Village.

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