Promo Concepts Ltd

Promo Concepts Ltd, based in Colindale, UK, is a small, active company founded ten years ago in 2014. With five employees and £1,871,194 in assets, it operates from a virtual address – a point to note as 517 other companies share the same location. The company is led by two directors and a single owner, who is also the solo founder. Promo Concepts regularly imports electrical machinery and equipment, with 50 months of import activity recorded, and exports miscellaneous manufactured goods, with four months of export activity.

The company’s website showcases a vast range of promotional products, from accessories and apparel to tech gadgets and office supplies. It caters to diverse industries, offering branding solutions for agriculture, automotive, hospitality, and more. The site highlights various printing and branding options, including pad printing, screen printing, and laser engraving, alongside a selection of international brands like XD Design and Pierre Cardin. It's clearly an e-commerce business, focused on providing a one-stop shop for promotional merchandise.

Financially, Promo Concepts Ltd shows some interesting trends. Cash bank on hand increased significantly by 83%, reaching £300,000, a positive sign. However, accrued liabilities deferred income increased by 90%, reaching £6,000, and creditors rose by 26%, reaching £620,000 – suggesting increased short-term debt. Bank borrowings also increased, though by a smaller 2.5%. Net assets remained relatively stable at £1,200,000. The company’s small size (meeting two of three criteria for a small company) allows for flexibility, but the increase in liabilities warrants attention. There is no auditor mentioned, which is typical for companies of this size.

Overall, Promo Concepts Ltd appears to be a well-established player in the promotional products market, but it’s important to monitor its growing liabilities to ensure long-term financial health. The company's focus on branding solutions and diverse product offerings positions it well for continued success.

Registered in England/Wales under the registration number 09185193, with a registered address at NW9 6BX, United Kingdom, Colindale, London, 5 Technology Park, Colindeep Lane.

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