Promerch World Ltd

Promerch World Ltd, based in Leicester, UK, is a small, active company founded three years ago. With a single employee and £221,263 in assets, it’s a solo-founded operation led by a director and owner. The company’s status is active and it operates from a real address. It's a bit irregular when it comes to imports and exports, bringing in ceramic products for a month and shipping out clothing and accessories made by knitting or crocheting for a month.

The company’s website, Promo Lanyards, is an e-commerce platform specializing in promotional lanyards. It offers a wide range of options, from full-color lanyards to pre-printed staff lanyards, and even provides a lanyard builder tool for custom orders. The site emphasizes competitive pricing, express delivery, and UK-based customer support. It’s clearly targeting businesses and organizations looking for branded lanyards for events, staff identification, or promotional purposes.

Financially, Promerch World Ltd shows some interesting trends. Cash bank on hand has increased significantly by 140%, reaching £17,000, which is a positive sign. However, net assets have dramatically improved, jumping from -£46,000 to just £1,900 – a huge turnaround. Creditors have also risen substantially, increasing by 130% to £230,000, which could indicate increased purchasing activity. Average number of employees has doubled to two, and trade debtors have soared by 350% to £200,000. Payments to related parties have also increased by 62% to £87,000. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned suggests the company is exempt from an audit as a small business.

Overall, Promerch World Ltd seems to be experiencing a period of growth, with improved cash flow and a turnaround in net assets. The increase in creditors and trade debtors suggests the company is expanding its operations, but it will be important to manage these liabilities effectively to maintain financial stability.

Registered in England/Wales under the registration number 13487178, with a registered address at LE3 6DR, United Kingdom, Leicester, Leicestershire, 23 23 Nevanthon Road, Western Park.

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