Premier Water Ltd

Premier Water Ltd, based in London, UK, is a small, active company established 11 years ago. With just three employees and £923 in assets, it’s a lean operation led by a solo founder and single director, Partouche Avishai. The company operates from a virtual address shared by 18 other businesses, and maintains a 4.0 Google rating from 13 reviews. It’s an irregular importer, primarily dealing in electrical machinery and equipment, with a recent import recorded in January 2022. The company’s website indicates a focus on providing purified water solutions, offering both floor-standing and mini water bars for corporate and residential use.

Premier Water’s website showcases two main products: the Royal Bar Floor Model and the Mini Royal. The Floor Model is designed for corporate use, emphasizing efficiency and compact design, while the Mini Royal is positioned as a stylish and compact option for home use. The site highlights the convenience of having a readily available supply of pure, filtered water for staff, clients, and families. It also features a subscription option, a FAQ section, and contact details, including a telephone number and an email address (requiring Javascript). The website's design is simple and functional, prioritizing product information and contact details over elaborate visuals.

Financially, Premier Water Ltd presents a concerning picture. Net assets have plummeted by 0.48% to -£640,000, indicating significant accumulated losses. Cash reserves have decreased by 37%, leaving just £410 available. Bank borrowings have also fallen by 26%, which could be a positive sign of reduced debt, but the overall trend points towards financial strain. Creditors have increased slightly, and 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’s exempt from an audit, relying on unaudited statements. The company’s decrease in average number of employees by 33% also suggests a reduction in operational activity. The company’s deferred tax policy is also noted, which may impact future profitability.

Registered in England/Wales under the registration number 08835981, with a registered address at NW4 4NJ, London, London, 129 Station Road.

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