Premium Products Outlet Ltd

Premium Products Outlet Ltd is a small, active company registered in Hull, UK, founded two years ago in October 2022. With just two employees and £39,177 in assets, it operates as a solo-founded e-commerce site with a single director and owner. The company’s registered address is real, with only one other company registered at the same location. It’s a small business, meeting two of three criteria: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

The company’s website reveals a focus on retail sale via mail order and internet, alongside the sale of used cars and light motor vehicles. It’s a diverse portfolio, suggesting a willingness to explore different revenue streams. While the e-commerce side is active, the used car element is less clear—it’s not immediately apparent how these two businesses intertwine.

Financially, Premium Products Outlet Ltd presents a mixed picture. While the company's net current assets liabilities are at -£4,600, the company's cash bank on hand is at £6,100. Creditors remain steady at £44,000, suggesting stable debt management. However, the company's equity is low at £370, and the company’s property plant equipment gross cost is £5,500. The lack of employee growth (two employees reported consistently) indicates a lean operation. With no auditor mentioned (likely exempt as a small company), the financial statements are unaudited.

Overall, Premium Products Outlet Ltd is a small, e-commerce focused business navigating early-stage challenges. Its diverse business model and lean structure offer potential for growth, but the low equity and negative net current assets liabilities suggest a need for careful financial management.

Registered in England/Wales under the registration number 14400285, with a registered address at HU6 0AD, United Kingdom, Hull, North Humberside, The Hollies Beverley Road, Dunswell.

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