Product Trade Services Limited

Product Trade Services Limited, based in Loughton, UK, is a small, active company founded 17 years ago. With three employees and £453,723 in assets, it operates as a solo-founded business under the direction of one director and owner. Accounts and confirmation statements are currently overdue for three years, a detail that warrants closer inspection. The company imports essential oils and perfumes, though activity has been irregular, with the last import recorded 18 months ago.

The company’s website showcases a different operation altogether: Roofing Trade Services Ltd, a well-established family-owned business in East London. Specializing in roofing materials, it boasts a large warehouse, an extensive supplier base, and a fleet of six vehicles for free delivery. The website highlights a wide range of products, from flat roofing materials to reclaimed items, and emphasizes personalized service—a contrast to the more understated online presence of Product Trade Services Limited.

Financially, Product Trade Services Limited presents a mixed picture. Cash bank holdings increased significantly by 220%, reaching £120,000, a positive sign. However, net assets decreased by 47%, falling to £83,000, and retained earnings also took a hit. Trade debtors rose by 22%, suggesting a potential issue with customer payments, while creditors also increased. The company’s small size—meeting two of three criteria for a small company—allows for flexibility, but the decline in equity is concerning. The lack of an auditor (likely exempt due to its size) means the figures are unaudited.

While the roofing business appears robust, Product Trade Services Limited’s financial performance suggests it may be burning through cash. The irregular import activity and declining equity raise questions about its long-term viability—but the company’s agility and the potential synergies with the roofing business could offer a path to stability.

Registered in England/Wales under the registration number 06523615, with a registered address at IG10 3TS, England, Loughton, Essex, East Wing Sterling House, Suite 215, Langston Road.

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