Product Resolutions Limited

Product Resolutions Ltd, based in Norwich, UK, is a small, active company founded 25 years ago. With five employees and £60,900 in assets, it operates from a real address and is managed by two directors and owners. The company is an irregular importer, primarily dealing with electrical machinery and equipment, with its last import activity recorded over two years ago in October 2022.

The company’s website highlights its role as a product development specialist, offering a complete solution from initial concept to manufacture and supply. It caters to both established brands seeking innovation and startups aiming to build value through new products and intellectual property. Services include design, electronics software development, and manufacturing support, leveraging extensive experience in China. The website also features a royalty-based partnership model for projects with high potential.

Financially, Product Resolutions Ltd shows some concerning trends. While turnover isn’t explicitly stated, net assets have plummeted 63% to just £10,000—a significant drop. Cash reserves have also evaporated, falling 100% to a mere £13. Bank borrowings, however, have decreased slightly, and creditors have also seen a reduction. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the sharp decline in equity raises questions. The lack of an auditor mentioned suggests the company is exempt from an audit as a small entity. It’s likely that the company is struggling to maintain profitability, and the decrease in cash reserves suggests it is burning through money.

Registered in England/Wales under the registration number 03956179, with a registered address at NR1 1QL, United Kingdom, Norwich, The Studio, 2 Music House Lane.

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