Presman (bullion) Limited

Presman Bullion Ltd from London UK is a large, holding company with an active status, established 31 years ago. The company, employing seven people and holding assets valued at £7,778,637, operates from a virtual address, a detail flagged by the presence of 1709 other companies registered at the same location. Four directors and one owner oversee the business, which has been importing optical and medical tools and devices for five months and exporting jewelry, precious stones, and metals for twenty months.

The company’s website, infopresmanbullionltd.com, positions Presman Bullion as a “leading company in minerals,” offering “unparalleled minerals acquisition and supply services.” It provides vault services for secure asset storage and specializes in mineral sourcing, emphasizing responsible extraction and supply chain management. The site also highlights the company’s expertise in providing vault services, offering peace of mind for individuals and organizations seeking to protect their valuables.

Financially, Presman Bullion Ltd presents a mixed picture. While cash and cash equivalents increased dramatically by 360% to £3.5 million, net assets only grew by 6.6% to £7.1 million. Administrative expenses increased by a substantial 28%, reaching £1.3 million, and staff costs rose by 10% to £490,000. Bank borrowings decreased significantly by 34%, to £53,000. The company’s turnover increased by 33%, reaching £110 million, but net loss deepened to £1 million. The company’s auditor is Saffery LLP.

The sharp increase in turnover, alongside the growth in cash reserves, suggests the company is generating more revenue. However, the increase in administrative expenses and the deepening net loss raise concerns about profitability. The company’s reliance on a virtual address, while common, does warrant further scrutiny, and the lack of a detailed breakdown of expenses would be useful for a more complete picture.

Registered in England/Wales under the registration number 02822939, with a registered address at E1W 9US, United Kingdom, London, 2 Leman Street.

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