Prime Global Trade Limited

Prime Global Trade Ltd, based in Scunthorpe, UK, is a small holding company with an active status, established four years ago. It holds £7,602 in assets and operates from a real address, managed by one director and one owner. The company is an irregular importer, primarily dealing with edible fruits and nuts, with just one month of import activity recorded back in July 2021.

The company’s website paints a very different picture. Prime Global Trade positions itself as a financial investment company, offering opportunities in crypto mining and investment. It boasts 24/7 connection, instant transactions, detailed statistics, and profitable plans—all designed to attract global clients. The site aggressively promotes cryptocurrency investments, promising high returns and daily payouts, and even offers a referral program with commission rewards. It’s a slick operation, with multiple server locations worldwide and a tiered investment structure. The website also mentions a Prime Crypto Interest Account, letting clients earn interest on crypto with up to 6.71 APY on Bitcoin and 12.73 APY on stablecoins.

Financially, Prime Global Trade Ltd’s report reveals a concerning trend. While the company is small (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), its net assets have plummeted 130% to -£8,900. Cash reserves have also significantly decreased, falling 93% to just £66. Bank borrowings increased, and trade debtors are also up. Creditors, however, decreased slightly, suggesting some improvement in managing short-term liabilities. The company’s reliance on deferred tax policy is noted. With no auditor mentioned, the figures are unaudited.

The contrast between the company’s lean financial state and its aggressive marketing of high-yield crypto investments is striking. It's possible the company is burning through cash to fuel its marketing efforts, or perhaps the crypto market volatility is impacting its profitability. The lack of employees, combined with the significant losses, suggests a very lean operation—but also raises questions about its long-term sustainability.

Registered in England/Wales under the registration number 13239680, with a registered address at DN15 8QJ, United Kingdom, Scunthorpe, North Lincolnshire, 5a Atkinsons Way, Foxhills Industrial Estate.

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