Pressplay Limited

Pressplay Ltd from Manchester UK: a small, active company founded 33 years ago, employs 14 people, and holds £652,323 in assets. Operating from a virtual address, it’s led by a solo founder and a single director, and boasts an e-commerce site. Regular importer of electrical machinery and equipment (83 months imported), and a recent exporter (3 months). Google ratings are a bit low at 2.0 based on 15 reviews.

The company’s core business appears to be providing other business support services, though the exact nature of these services isn’t clear from the report. It’s a small company, meeting two of three conditions: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The registered address is probably virtual, as sixty-four companies share it.

Financially, Pressplay Ltd shows a mixed picture. Current assets decreased by 4.5% to £650,000, while net assets increased by 11% to £520,000. Cash reserves dropped significantly by 64% to £130,000, which is a concern. Trade debtors increased dramatically by 110%, suggesting potential issues with customer payments, or perhaps a deliberate expansion of credit terms. Creditors, however, decreased by 29%, which is a positive sign. Bank borrowings have disappeared completely, a good sign. The company's equity has increased by 11%, which is good news.

The lack of auditor mentioned (likely exempt as a small company) means the figures are unaudited. Overall, Pressplay Ltd seems to be navigating a period of change, with some financial pressures but also signs of growth. The company's small size allows for agility, but the decrease in cash reserves warrants close monitoring.

Registered in England/Wales under the registration number 02712382, with a registered address at M17 1WD, Manchester, Incom House Waterside, Trafford Park.

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