Princegb Limited

Princegb Limited is a small, active company based in Brighton, UK, founded six years ago in 2018. With a single employee and £244,500 in assets, it operates as a solo-founded e-commerce site, holding a respectable Google rating of 4.0 from six reviews. The company’s real address is registered at 19b Beaconsfield Villas, BN1 6HA, and it's managed by one director and owner, Prince Oliver Gerald. It’s a small company, meeting two of three criteria: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

The Princegb website showcases an extensive range of office supplies, from filing cabinets and stationery to catering and hygiene products. It’s a clear indication of an e-commerce business, with a focus on B2B sales to businesses needing office essentials. The site highlights Pierre Henry filing cabinets and Keter storage solutions, offering free mainland UK delivery and contact information via email only. There’s a distinct emphasis on bulk purchases and practical storage solutions.

Financially, Princegb Limited presents a mixed picture. Cash bank on hand has increased by a solid 33% to £170,000, a positive sign of improved liquidity. However, net assets have also increased by 18% to £470,000. Bank borrowings have decreased significantly by 69%, falling to £2,500, suggesting reduced reliance on external financing. Trade debtors have risen sharply by 82%, which could indicate a period of increased sales but also potential challenges in collecting payments. Creditors have also increased slightly by 3.8%, which is not a major concern. The company’s equity has seen a substantial increase of 410%, reflecting a significant boost in retained earnings. There's no auditor mentioned, which is common for small companies.

Overall, Princegb Limited appears to be financially stable, with healthy cash reserves and a positive trend in retained earnings. The increase in trade debtors warrants monitoring, but the company’s strong cash position and reduced borrowing suggest it's navigating its growth effectively. It’s a small business that seems to be doing well, though it’s important to note that the financial data is unaudited.

Registered in England/Wales under the registration number 11530934, with a registered address at BN1 6HA, United Kingdom, Brighton, East Sussex, 19b Beaconsfield Villas.

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