Primeworld Limited

Primeworld Ltd from Hatfield Heath Bishops Stortford UK is a small, active company founded 35 years ago. With a single employee and £271,758 in assets, it's a family business boasting a perfect 5.0 Google rating from one review. The company regularly imports, though its top import category is listed as “None” with just three months of activity recorded back in 2018. It operates from a real address and is overseen by three directors and two owners.

Primeworld Ltd’s website highlights its expertise in power electronics design and the supply of high-quality inductive components. The company caters to a wide range of markets, including telecommunications, automotive, and military applications. It offers both design services and component supply, emphasizing close customer relationships and cost-effective solutions. The site also showcases a wound component supply chain capable of handling both low and high-volume orders.

Financially, Primeworld Ltd presents a mixed picture. While cash reserves fell by 5.7% to £190,000, current assets also declined by 8.4% to £270,000. Trade debtors have increased significantly by 190%, reaching £4,900, which could indicate a need to improve collections. On a positive note, creditors decreased by 20%, suggesting better debt management. The company’s small size—meeting two of three conditions for being classified as small—allows for agility, but the decrease in net assets to £170,000 is something to keep an eye on. No auditor is mentioned, which is common for small companies.

Overall, Primeworld Ltd appears to be a well-established business with a strong reputation, but the recent financial trends suggest it’s facing some challenges. It's important to note that the numbers are unaudited, and the company’s long-term success will depend on its ability to maintain customer relationships and manage its finances effectively.

Registered in England/Wales under the registration number 02446861, with a registered address at CM22 7DR, Hatfield Heath Bishops Stortford, Hertfordshire, Derwent, Sawbridgeworth Road.

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