Prime Cotton Ltd

Prime Cotton Ltd is a small, active company based in Manchester, UK, founded three years ago in 2021. It’s a solo-founded operation with one employee, a single director, and one owner, Babar Fareeha. The company holds £54,110 in assets and operates from a real address shared by three other companies. Its business focuses on wholesale of textiles and retail sales via mail order and internet industries.

The company’s website, PrimeLife, highlights its role as a leading provider of care homes across the UK. It emphasizes offering a high-quality standard of living, respecting residents' dignity and choice, and providing a wide range of care services, including care for the elderly, respite care, dementia care, and supported living. The site encourages visitors to find a care home and offers virtual tours and funding information. Recent news posts showcase events and activities within its care homes, demonstrating a focus on resident engagement and community.

Financially, Prime Cotton Ltd presents a mixed picture. While current assets increased by 140% to £54,000, equity plummeted 1000% to -£5,600—a significant downturn. Cash bank on hand dropped dramatically by 94%, leaving just £260. Trade debtors decreased by 39%, suggesting improved collection of payments, but creditors surged 170% to £60,000. Finished goods also increased substantially by 2100%, reaching £44,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the substantial equity loss is concerning. No auditor is mentioned, so the figures are unaudited.

Overall, Prime Cotton Ltd appears to be facing financial headwinds. While the care home business seems to be thriving, the company's core business is struggling. Whether it can turn things around remains to be seen, but for now, it’s navigating a challenging landscape.

Registered in England/Wales under the registration number 13713606, with a registered address at M3 1HN, England, Manchester, 48 Lord Street.

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