Promotional Gifts Direct Limited

Promotional Gifts Direct Limited, based in Brentwood, UK, is a small, active company founded four years ago. With five employees and £115,256 in assets, it's a solo-founder operation managed by a single director and owner, Broom Martin. The company operates in the agents involved in the sale of a variety of goods industries, and regularly imports miscellaneous metal items—four months of import activity were recorded as of January 2024.

The business appears to be focused on providing promotional gifts, with no readily available website to examine. This lack of online presence suggests a more traditional, business-to-business sales model, possibly relying on direct outreach and trade shows. The single director and owner likely handle all aspects of the operation, from sourcing products to managing customer relationships.

Financially, Promotional Gifts Direct Limited presents a mixed picture. Current assets have increased by 24% to £120,000, which is a positive sign. However, equity has significantly decreased by 44% to £39,000, indicating a potential drain on retained earnings. Trade debtors have also increased by 48% to £100,000, which could be due to increased sales but also suggests potential issues with collecting payments. Creditors have risen by a substantial 190% to £80,000, and cash bank on hand has fallen by 67% to £6,400. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s likely exempt from an audit, so the financial statements are unaudited.

The company’s financial trends suggest it may be experiencing some cash flow challenges, despite increased sales. The decrease in equity and the rise in creditors could be a result of investments in inventory or marketing, or it could indicate a need to manage working capital more effectively. It’s also worth noting that the company’s reliance on a single director and owner could pose a risk if they were to leave the business.

Registered in England/Wales under the registration number 12929853, with a registered address at CM15 0TT, United Kingdom, Brentwood, Essex, 30 Park Meadow, Doddinghurst.

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