Premier Porcelain Ltd

Premier Porcelain Ltd, based in London, UK, is a small, active company founded four years ago. It operates with a virtual address, a single owner, and no directors, employing just one person. The company holds £65,303 in assets and boasts a stellar 5.0 Google rating from 19 reviews. It’s an irregular importer, bringing in ceramic products for just two months out of the last year, with the latest import occurring in April 2023.

The company’s website showcases a wide range of porcelain tiles and paving slabs, catering to both indoor and outdoor spaces. It offers everything from luxury porcelain collections to artificial grass and composite decking, with a focus on online retail. The site emphasizes customer satisfaction, offering free click-and-collect and a variety of payment options, including Klarna. It also features a blog with tips on tile selection and maintenance, reinforcing its position as a knowledgeable resource for homeowners and contractors.

Financially, Premier Porcelain Ltd’s recent performance presents a mixed picture. Cash bank on hand has increased by a remarkable 110%, reaching £68,000, which is good. However, net assets have plummeted by a staggering 1800%, now sitting at -£150,000. Trade debtors have also risen significantly, increasing by 1000% to £190,000, which could indicate difficulties in collecting payments. Creditors have also increased dramatically, up 790% to £650,000. While the company meets the criteria for a small company (turnover under £10.2m, assets under £5.1m, fewer than 50 employees), the substantial decrease in equity raises concerns. The company is exempt from an audit as a small company, so the financial statements are unaudited.

The sharp decline in equity, coupled with the increase in both debtors and creditors, suggests Premier Porcelain Ltd might be burning through cash, despite the increase in cash reserves. It’s possible the company is investing heavily in inventory or marketing to drive sales, but the trend warrants close monitoring.

Registered in England/Wales under the registration number 13062802, with a registered address at WC2H 9JQ, England, London, 1st Formations Ltd, 71-75 Shelton Street.

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