Product Distribution Limited

Product Distribution Ltd, based in Leeds, UK, is a small, family business with an active status. Founded six years ago in 2019, the company employs just one person and holds £77,953 in assets. It operates from a virtual address, registered at a location shared by over 100 other companies, and is led by one director and two owners. The business runs an e-commerce site and irregularly imports vehicles, parts, and accessories – its last import activity was recorded over four years ago in September 2020.

The company’s website reveals a wholesale operation specializing in imported specialty food brands, primarily targeting Australian consumers. It offers a wide range of products, from BBQ sauces and pickles to chocolates and maple syrup, sourced from global brands. The site emphasizes high-quality, handcrafted foods and caters to both retail and wholesale customers. It even has a blog section.

Financially, Product Distribution Ltd presents a mixed picture. Current assets have decreased by 7.3% to £78,000, while net assets have plummeted 130% to -£42,000 – a significant decline. Bank borrowings have increased, reaching £3,600, and cash reserves have fallen considerably. Creditors have increased by 24% to £99,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the sharp equity drop raises concerns. As a small company, it is exempt from an audit, and the financial statements are unaudited.

The company’s reliance on irregular imports and the substantial losses suggest it may be burning through cash. Whether it can sustain its operations and continue to grow its Australian customer base remains to be seen.

Registered in England/Wales under the registration number 11756615, with a registered address at LS18 4TJ, England, Leeds, West Yorkshire, 3 Feast Field, Horsforth.

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