Premier P. Ltd

Premier P Ltd, based in Tamworth, UK, is a medium-sized, active family business established eighteen years ago. With sixty employees and £12.3 million in assets, the company generates £26.1 million in yearly revenue. It’s a regular importer and exporter of clothing and accessories made by knitting or crocheting, with a long history of 180 months of imports and 147 months of exports. The company operates in the retail sale via mail order houses or via internet industries.

Premier P Ltd’s website is not available, but the company’s financial data paints a mixed picture. While turnover increased by 26%, reaching £26 million, net assets declined significantly, falling by 35% to £11 million. This suggests a possible shift in equity or increased borrowing. Bank borrowings have risen considerably, by 220%, to £1.1 million, while cash reserves have dropped by 30% to £3.6 million. Creditors have also increased by 20%, reaching £2.1 million. The company’s small size (meeting two of three criteria for turnover under £36 million, assets under £18 million, and fewer than 250 employees) allows for flexibility, but the decrease in equity raises questions about its financial health. The company’s auditor is Groucott Moor Limited.

The increase in administrative expenses by 43% to £4.1 million could be a factor in the reduced profit. It’s possible the company is investing in growth, such as expanding its product range or improving its online presence. The increase in the number of employees, by 15%, to 69, also suggests increased activity. However, the decline in cash reserves and the increase in debt warrant close monitoring. The company’s directors are Yarnell Deniz Devlet, Yarnell Deniz Devlet, and Yarnell Jason Paul, and the owners are Yarnell Deniz Devlet and Yarnell Jason Paul.

Registered in England/Wales under the registration number 05965100, with a registered address at B79 7TA, United Kingdom, Tamworth, Unit 5 Borman, Apollo Lichfield Road Industrial Estate.

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