Promo Parrot Ltd

Promo Parrot Ltd, based in Leeds, UK, is a small, active company established ten years ago in 2014. With seven employees and £166,363 in assets, it operates from a real address and is managed by a single director and owner. The company runs an e-commerce site, specializing in promotional products and corporate gifts. It regularly imports cocoa and cocoa products, with the last import occurring in October 2024, and occasionally exports various textile products, sets, used clothing, and rags, with the last export in August 2024.

The company’s website showcases a vast range of promotional items, from custom mugs and pens to clothing and keyrings. It caters to businesses looking to brand themselves, offering everything from simple printed items to more elaborate exhibition kits. The site is well-organized, with clear product categories and a user-friendly search function. It even features a "Hot Merch" section highlighting trending items and a request-a-quote tool for personalized orders.

Financially, Promo Parrot Ltd presents a mixed picture. While current assets have increased by 53% to £170,000, net assets have only risen by 18% to £960. Bank borrowings have decreased by -9.4% to £41,000, and cash reserves have increased significantly by 300% to £84,000. However, trade debtors have fallen by -5.8% to £23,000. 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 decrease in debtors could indicate payment delays. The company is exempt from an audit, so the financial statements are unaudited.

The company’s development costs capitalised development expenditure have remained constant at £7300, and depreciation rates have not changed. It seems that Promo Parrot Ltd is navigating a period of growth, but it's important to monitor its debt management and cash flow to ensure long-term sustainability.

Registered in England/Wales under the registration number 09319026, with a registered address at LS7 2BB, England, Leeds, West Yorkshire, 2 Sheepscar Court, Suite 7.

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