Premiumswede Limited

Premiumswede Limited, based in Milton Keynes, UK, is a small, active company founded 10 years ago in 2014. With £16,100 in assets and a real address at 24 Katrine Place, Bletchley, it’s a solo-founded operation with three directors and two owners. The company operates in the retail sale via mail order houses or via internet, a niche market that seems to be doing well.

The company’s website, Premiumswede, focuses on Scandinavian-inspired home goods and lifestyle products. It’s a curated selection of items, from textiles and kitchenware to lighting and décor, all with a minimalist aesthetic. While the site doesn’s have a huge range, it does emphasize quality and design—a strategy that appeals to a specific customer base. It seems like a well-thought-out online store, though it’s hard to gauge its scale without more information.

Financially, Premiumswede Limited presents a mixed picture. Current assets have decreased by 25%, falling to £16,000, while net assets have plummeted 66%, landing at -£49,000. Bank borrowings have increased by 13%, reaching £57,000, and cash reserves remain steady at £11,000. Interestingly, creditors have increased by 28%, suggesting the company is taking on more debt. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to be flexible, but the significant drop in equity is concerning. There's no auditor mentioned, which is common for small companies.

Overall, Premiumswede Limited appears to be navigating a challenging financial landscape. While its online store seems well-positioned, the company needs to address its negative equity and manage its debt to ensure long-term sustainability. It's a small business with potential, but it’s facing some headwinds.

Registered in England/Wales under the registration number 09013743, with a registered address at MK2 3DW, Milton Keynes, Buckinghamshire, 24 Katrine Place, Bletchley.

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