Presence Group Ltd

Presence Group Ltd, based in Peterborough, UK, is a small, active company founded five years ago. Employing five people and holding £208,313 in assets, it’s a solo-founded operation with two directors overseeing its activities. The company operates in a diverse range of sectors, including retail via mail order, software development, IT consultancy, and advertising agencies.

The company’s website showcases a focus on live, online, and hybrid communication services. It offers translation, interpretation, event management, and copywriting, catering to multilingual businesses across Europe. The site highlights a network of over 3,000 freelancers and emphasizes expertise in multiple languages and technologies. It’s clear they are targeting businesses needing to communicate effectively across borders.

Financially, Presence Group Ltd presents a mixed picture. While cash reserves have skyrocketed by an impressive 1,800% to £190,000, net assets have decreased by 12% to -£93,000. Bank borrowings have also dropped significantly, down 59% to £2,400. Trade creditors have increased dramatically, up 2,400% to £200,000, which could be a sign of rapid growth or potentially, challenges in managing supplier payments. The average number of employees has fallen by 60% to just two, which is a notable shift. The company meets two of the three criteria to be considered small, with turnover under £10.2 million and assets under £5.1 million. With no auditor mentioned, the financial statements are unaudited.

Overall, Presence Group Ltd appears to be experiencing a period of change. The surge in cash reserves is encouraging, but the decline in net assets and the decrease in employees suggest some turbulence. Whether this is a temporary setback or a sign of deeper issues remains to be seen.

Registered in England/Wales under the registration number 12120471, with a registered address at PE6 8FD, England, Peterborough, Eventus Business Centre Sunderland Road, Market Deeping.

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