Promise Promo Limited

Promise Promo Limited, based in Hemel Hempstead, UK, is a small, family-run business with an active status. Founded twenty years ago in 2004, the company employs ten people and holds £751,156 in assets. It operates from a real address and is overseen by three directors and two owners. The company regularly imports various textile products, sets, used clothing, and rags—fifteen months of import activity recorded—and exports clothing and accessories made by knitting or crocheting, with twenty-five months of export activity.

The company’s website is non-existent, making it difficult to determine the specifics of its operations beyond the import and export activities. It’s likely a wholesale business, supplying textile products to retailers or manufacturers, but without a web presence, this remains speculative.

Financially, Promise Promo Limited shows a mixed picture. Current assets have decreased by 14%, falling to £750,000, while net assets have also dropped by 14%, settling at £670,000. Cash reserves have taken a hit, decreasing by 6% to £380,000. Trade debtors have fallen by 20%, suggesting improved collection of payments, but creditors have also declined by 39%, which could indicate a reduction in supplier credit or potential payment difficulties. 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 decline in equity is noticeable. The accounts are unaudited and exempt, relying on director-reported data.

The decrease in net assets could be due to a variety of factors, such as increased operating expenses or investments in new inventory. The drop in cash reserves could be a sign of tighter liquidity, but it could also be a result of strategic investments. It’s possible the company is experiencing typical fluctuations in a small business, or it could be facing challenges in maintaining profitability.

Registered in England/Wales under the registration number 05315018, with a registered address at HP2 4TP, Hemel Hempstead, Hertfordshire, 10 Amberside House, Wood Lane.

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