Prodhks Ltd

Prodhks Ltd from London UK: a small, active company founded twelve years ago, employs fourteen people, and holds £702,267 in assets. It’s a solo founder operation with one director, and operates an e-commerce site, currently boasting a 3.0 Google rating from ten reviews. The company regularly imports and exports electrical machinery and equipment, with 8 months of import activity and 16 months of export activity.

The company's website, BuysBest, is a comprehensive online marketplace offering a vast range of products, from kitchen appliances and DIY tools to health & beauty items and baby care essentials. It’s a one-stop shop for consumers, with a focus on competitive pricing and a wide selection of brands like Russell Hobbs, Philips, and Vax. The site offers free delivery on orders over £40 and same-day dispatch if orders are placed before 1pm, and it has a clear focus on customer convenience.

Financially, Prodhks Ltd’s recent performance shows some concerning trends. Current assets have decreased by 21%, dropping to £700,000, while net assets have increased by 6%, reaching £560,000. Bank borrowings have decreased by 35%, falling to £20,000, and cash reserves have fallen by 41%, sitting at £440,000. Creditors have decreased by 35%, suggesting better debt management, but the significant drop in cash reserves could indicate the company is burning through money. Trade creditors have increased by 950%, which is a big jump. The company is small, meeting two of three criteria for classification, and is likely exempt from an audit. The lack of an auditor mentioned relies on unaudited statements.

In short, Prodhks Ltd appears to be a well-established e-commerce business, but the declining cash reserves and increasing trade creditors suggest it may be facing financial pressure. Whether the company can sustain its growth and profitability remains to be seen.

Registered in England/Wales under the registration number 08457550, with a registered address at SW19 3TZ, United Kingdom, London, Assist House, 25e Lombard Road.

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