Pret-a-portrait Limited

Pret A Portrait Ltd, based in Brighton, UK, is a small, active company established 21 years ago. With 80 employees and £158,918 in assets, it operates from a virtual address—a detail flagged by the registration of 386 companies at the same location. The company is led by two directors and two owners, though the full ownership structure isn's exhaustive. It regularly imports optical and medical tools and devices (four months of activity), but exports irregularly (just one month of activity).

The company’s website, PretaPortrait, showcases a photography business specializing in portrait photography. It appears to be primarily an e-commerce operation, with online booking and gallery displays. There’s no indication of a physical studio or showroom, suggesting a focus on remote services and online sales.

Financially, Pret A Portrait Ltd’s report reveals a concerning trend. Net assets have fallen by a significant 52%, dropping to just £9,800. Cash reserves have also declined sharply, decreasing 64% to £18,000. Bank borrowings have increased by 3.8% to £88,000, and creditors have increased by 3.9% to £530,000. While trade debtors have risen by 11%, suggesting improved collections, the overall picture indicates a company struggling to maintain its financial stability. The company meets two of three criteria for being a small company (turnover under £10.2m, assets under £5.1m, fewer than 50 employees), and the report is unaudited, relying on director-reported data. The sharp decline in equity and cash reserves suggests the company is burning through money, potentially due to increased operating expenses or reduced sales. The lack of a clear turnaround strategy, combined with the reliance on bank borrowings, raises concerns about its long-term viability.

Registered in England/Wales under the registration number 04855987, with a registered address at BN1 6SB, United Kingdom, Brighton, East Sussex, Preston Park House, South Road.

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