Propersearch Ltd

Propersearch Ltd, based in London, UK, is a small, active company established nine years ago in 2015. With a single employee and £61,889 in assets, it operates from a virtual address shared by fifty-six other companies – a bit unusual, really. The company is led by one director and owner, Irina Lond. Its core business involves importing machinery, boilers, and mechanical appliances; parts, with a steady stream of imports over the last nine months. It also occasionally exports electrical machinery and equipment, though this activity is less frequent. The company operates in the retail sale via mail order houses or via internet industries.

The company's website is non-existent, making it difficult to ascertain the specifics of its online presence or e-commerce operations. Without a website, it's hard to tell how they’re engaging with customers or showcasing their products.

Financially, Propersearch Ltd presents a mixed picture. While current assets have increased by a healthy 50% to £62,000, net assets have decreased by 48% to -£32,000. Bank borrowings have risen significantly, jumping to £24,000, while cash reserves have improved dramatically, increasing by 620% to £10,000. Creditors have also increased substantially, rising by 530% to £5,400. The company's small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to remain flexible, but the decline in equity is concerning. The company is exempt from an audit, so the numbers are unaudited.

Overall, Propersearch Ltd seems to be navigating a period of change. While its asset base has grown, the negative equity suggests it's burning through cash. The increase in bank borrowings indicates a reliance on external funding, and the rise in creditors could signal challenges in managing payments.

Registered in England/Wales under the registration number 09893158, with a registered address at SW6 3PA, England, London, Hurlingham Studios, Ranelagh Gardens.

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