Prime Gift Limited

Prime Gift Limited is a small, active company based in Grimsby, UK, founded seven years ago in 2017. Employing just one person, the company operates from a real address shared by four other businesses, indicating a likely genuine location. It’s a solo-founded operation, managed by a single director and owner, Lui Yah Yim Jason. The company’s core business revolves around retail sales via mail order and internet, catering to customers seeking gifts and related products.

The company's website, while minimal, showcases a selection of gift items and promotional merchandise. It’s unclear if the site is actively used for e-commerce, but it does provide a basic online presence. The company’s focus on mail order suggests a traditional retail model, potentially targeting a specific niche market.

Financially, Prime Gift Limited presents a mixed picture. While the company’s assets remain steady at £130,000, net current assets liabilities have fallen to £22,000—a slight decrease. Trade debtors have also remained constant at £200,000, while creditors are at £170,000. Property, plant, and equipment are valued at £110,000. 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 lack of significant profit growth is noticeable. No auditor is mentioned, likely due to the company’s exemption as a small entity. The accounts are unaudited.

The company’s financial stability appears fragile, with a reliance on existing debtors and a relatively small cushion of net current assets. The lack of employee growth, despite a seven-year operational history, suggests a lean business model or perhaps a period of consolidation. It's possible the company is experiencing typical startup challenges, or perhaps the business model is not as profitable as initially anticipated.

Registered in England/Wales under the registration number 10880395, with a registered address at DN33 3EN, England, Grimsby, 15 Rosemallow Close.

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