Promoveritas Limited

Promoveritas Ltd from Pinner UK is a small, active company founded 23 years ago, in May 2002. It employs 39 people and holds £5,765,592 in assets. The company has a real address, two directors, and one owner. It’s an irregular importer of headgear and accessories, with just one month of import activity recorded as of May 2022.

The company operates in the other business support service activities n.e.c. industries. Officially, it’s a small company, meeting two of three conditions: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. Its website isn’s available, so it’s hard to know what the company does.

Financially, Promoveritas Ltd’s numbers show some interesting trends. Cash bank on hand has fallen by 58%, dropping to £1.4 million. Trade debtors have increased by 16%, reaching £4.4 million, while creditors have decreased by 24%, falling to £4.4 million. Net assets increased by 8.1%, reaching £1.4 million. The company’s bank borrowings surged by 98%, reaching £1.1 million. It’s worth noting that the company’s provisions for liabilities balance sheet subtotal increased by 580%, reaching £25,000.

The company’s net current assets liabilities increased by 11%, reaching £1.4 million. While the company’s small size offers agility, the decrease in cash reserves and increase in bank borrowings suggest it may be burning through money. The lack of an auditor mentioned (likely exempt as a small company) means the figures rely on unaudited statements. Stern Jeremy Delow owns the company, and Petra Green is the secretary.

Registered in England/Wales under the registration number 04437132, with a registered address at HA5 5NE, Pinner, Monument House, 215 Marsh Road.

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