Preya Limited

Preya MicroFinance, based in Agra, India, is a small, active company founded eight years ago in 2016. Employing six people, it holds £143,645 in assets and operates from a real address at Unit 10 Towergate Industrial Park. With two directors and two owners, the company is a family business focused on providing microfinance solutions. It regularly imports machinery, boilers, and mechanical appliances, with 39 months of import activity recorded.

The company's website highlights its mission to empower communities through personal, group, and business loans. It emphasizes financial literacy programs and business development support, aiming to foster financial inclusion and support underserved populations. The site showcases a range of services, including micro loans, financial literacy training, and business mentorship, all geared towards helping clients achieve financial independence. It even has a section dedicated to its impact, highlighting how it has helped clients start and expand businesses, create jobs, and improve their standard of living.

Financially, Preya MicroFinance presents a mixed picture. Current assets have decreased by 35%, dropping to £140,000, while net assets have plummeted 190%, ending at -£91,000. Bank borrowings have also decreased by 32%, reaching £21,000, and cash reserves are steady at £25,000. Creditors have decreased by 3.3%, suggesting improved debt management. The company meets two of three criteria for being a small company (turnover under £10.2m, assets under £5.1m, fewer than 50 employees). With no auditor mentioned, the financial statements are unaudited.

The sharp decline in equity is concerning, indicating potential cash flow challenges. However, the company’s focus on community impact and financial literacy suggests a commitment to sustainable growth. It is clear that Preya MicroFinance is navigating a complex landscape, balancing social goals with financial stability.

Registered in England/Wales under the registration number 10514062, with a registered address at SP10 3BB, England, Andover, Hampshire, Unit 10 Towergate Industrial Park, Colebrook Way.

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