Prime Distribution Ltd

Prime Distribution Ltd, based in Cinderford, Gloucestershire, UK, is a small, active company established eight years ago. With a single employee and £31,645 in assets, it operates from a real address and is overseen by one director and owner, Meads Elliot Johnathon. The company regularly imports wood and wood products, with a history of ten months of import activity. It’s classified as a small company, meeting two of three conditions: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

The company’s website highlights its role as a "Reliable Partner for All Your Distribution Needs," specializing in connecting independent retailers with unique products. It offers local, national, and wholesale distribution services, alongside customer support and international distribution options. The site emphasizes reliability, high-quality goods, and exceptional customer service, showcasing testimonials from satisfied clients. Prime Distribution also appears to be involved in piano restoration, a venture separate from its distribution services.

Financially, Prime Distribution Ltd exhibits concerning trends. Accumulated depreciation impairment property plant equipment has decreased by a staggering 100%, while net current assets and liabilities have plummeted by 86%. Creditors have remained relatively stable, but the significant drop in equity—from £15,000 to just £1,000—is a red flag. Cash reserves have also shrunk considerably, and bank borrowings have increased. The lack of employee growth, with only one person reported, suggests a lean operation, but the declining equity raises questions about its long-term viability. As a small company, it’s exempt from an audit, so the financial data is unaudited. The company’s financial statements have been prepared in accordance with FRS 102, and the director has elected not to include a copy of the profit and loss account within the financial statements.

Registered in England/Wales under the registration number 10679884, with a registered address at GL14 3PB, England, Gloucestershire, Cinderford, 11 Dean Crescent Littledean.

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