Promo Branding Products Ltd

Promo Branding Products Ltd, based in London, UK, is a small, active company founded fourteen years ago in 2010. It employs just three people and holds £56,346 in assets. The company operates from a virtual address, registered at a building shared by eighty-five other businesses, and is run by two directors and two owners, who are also the company’s PSCs. It’s a family business, and a regular importer, with a focus on paper and paperboard products, importing for seven months with the latest import operation made in February 2024.

The company operates in the agents involved in the sale of a variety of goods industries. Its website is not available, so it’s difficult to determine if it's an e-commerce operation.

Financially, Promo Branding Products Ltd presents a mixed picture. Current assets decreased by 12% to £50,000, while net assets remained at -£86,000. Bank borrowings increased by 27% to £18,000, and cash reserves rose by 230% to £96. Creditors decreased by 50% to £12,000, suggesting improved debt management. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile. The lack of an auditor (likely exempt as a small company) means the figures are unaudited. The increase from amortisation charge for intangible assets is good, and the increase from depreciation charge for property plant equipment is also good.

It seems like Promo Branding Products Ltd is facing some financial challenges, but it’s also demonstrating some positive trends in debt management.

Registered in England/Wales under the registration number 07421665, with a registered address at EC4Y 1AA, England, London, 4th Floor, Eldon Chambers, 30-32 Fleet Street.

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