Premiere Nutrition Limited

Premiere Nutrition Ltd from Gloucester, UK, is a small, active company founded twelve years ago in 2012. With ten employees and £826,423 in assets, it operates from a virtual address – eleven companies registered there, which is a bit unusual. The company is led by two directors and a solo founder, Markey James Paul. It regularly imports drinks, alcohol, and vinegar (24 months) and exports natural and modified starches, glues, and enzymes (21 months).

The company's website showcases a focus on nutrition engineered to make a difference, particularly for livestock and pet nutrition. It operates through two divisions: a premix nutrition business and a piano restoration division. The piano division, 1066 Pianos, is a long-standing business with a showroom in Harrods, London, specializing in museum-grade restorations. The website highlights a focus on science, expert knowledge, and international reach.

Financially, Premiere Nutrition Ltd presents a mixed picture. Current assets increased by 36% to £830,000, while net losses deepened to -£620,000. Bank borrowings surged by 520% to £170,000, and cash reserves fell to zero. Creditors increased by 18% to £1,200,000, and trade debtors ballooned by 64% to £250,000. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There's no mention of an auditor, which is typical for small companies.

The sharp increase in bank borrowings and the complete depletion of cash reserves suggest Premiere Nutrition Ltd might be burning through money, despite growing assets. The dual focus on nutrition and piano restoration could be a source of strength or a distraction, and it’s unclear how the two businesses interact. It’s possible the company is investing heavily in growth, but the financial trends warrant close monitoring.

Registered in England/Wales under the registration number 08153712, with a registered address at GL2 2RN, Gloucester, Q1 Quadrant Way, Hardwicke.

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