Procurement Supplies Limited

Procurement Supplies Ltd from London UK: a small, active company founded four years ago, employs two people, and holds £110,295 in assets. Operating from a virtual address, it’s managed by three directors and two owners. The company regularly imports plastics and plastic products, with recent activity recorded in November 2024.

The company’s website showcases a diverse range of transit packaging solutions, from pallet stretch film to corrugated boxes and protective packaging. It positions itself as a one-stop shop for businesses seeking cost-effective and environmentally friendly packaging, emphasizing custom-made options and a focus on sustainability. The site highlights CADCAM facilities, stock distribution services, and a commitment to reducing environmental impact—a key differentiator in today’s market. They even offer advice on minimising stretch film usage, a clever way to build trust and demonstrate expertise.

Financially, Procurement Supplies Ltd presents a mixed picture. Current assets have fallen by 40% to £110,000, while net assets have dropped by 29% to -£290,000. Bank borrowings have increased, and cash reserves are down, suggesting the company is burning through money. Creditors have also decreased, which is a positive sign. The company’s small size—meeting two of three criteria for a small company—helps it remain agile, but the decline in equity is concerning. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company’s focus on sustainable packaging and cost savings seems to be resonating with customers, but the financial data indicates a need for careful management. Whether the company can maintain its growth trajectory while addressing these financial pressures remains to be seen.

Registered in England/Wales under the registration number 12788215, with a registered address at WC2H 9JQ, United Kingdom, London, 71-75 Shelton Street, Covent Garden.

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