Principle Healthcare Limited

Principle Healthcare Limited, based in Skipton, UK, is a large holding company with an active status. Established 23 years ago in 2001, it employs 15 people and holds assets valued at £9,432,294. The company generates yearly revenue of £19,160,585, making it a significant player in its sector. It operates from a real address and is managed by one director and one owner. Principle Healthcare regularly imports and exports miscellaneous food products, with 44 months of import activity and 72 months of export activity recorded.

The company's website reveals a broader scope of operations beyond its core business. Principle Healthcare is a leading provider of nutritional supplements, offering both private label products and a portfolio of its own brands. It caters to a global market, selling through retail, pharmacy, discount, and online channels. The website highlights its expertise in vitamin, mineral, and supplement nutrition, with a focus on innovation and quality. It also manages Principle Healthcare International and Principle Healthcare Europe, expanding its reach into international markets.

Financially, Principle Healthcare Limited shows a mixed picture. Current assets increased by 51%, reaching £9,400,000, while net assets grew by 40% to £3,100,000. However, bank borrowings increased by 77%, reaching £740,000, and cash reserves increased by 77% to £740,000. Creditors increased by 67%, reaching £6,400,000, suggesting a reliance on short-term financing. The company's turnover increased by 17%, reaching £19,000,000, indicating strong sales growth. The company is a large company as it met two of three conditions: turnover more than £36 million, balance sheet total more than £18 million, employees more than 250.

The significant increase in bank borrowings, while accompanied by a rise in cash reserves, warrants further investigation. It could reflect increased investment in inventory or expansion efforts. The rise in creditors, however, suggests a need to manage short-term liabilities effectively. Mazars LLP is the auditor, and the accounts are audited. Overall, Principle Healthcare Limited appears to be a financially stable company with strong growth potential, although careful management of its short-term liabilities is essential.

Registered in England/Wales under the registration number 04283476, with a registered address at BD23 2TZ, Skipton, North Yorkshire, Airedale Business Centre, Millenium Road.

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