Pryme Group Limited

Pryme Group Ltd from London UK: a small holding company with an active status, has been operating for 49 years. Employing just five people and boasting a Google rating of 3.0 (based on nine reviews), the company is a regular importer and exporter of machinery, boilers, and mechanical appliances; parts, with 231 months of import activity and 315 months of export activity recorded. It’s managed by three directors and has one owner, and its registered address is real, shared by only six other companies.

The company operates within the machining industries and is a holding company. Its financial picture shows some interesting trends. Accumulated depreciation and impairment for property, plant, and equipment have remained relatively stable, with Land Buildings holding steady at £1.1 million. However, cash bank on hand has increased significantly, jumping from £2,200 to £16,000—a positive sign. Deferred tax assets have decreased by 12%, and net assets have fallen by 20%, reaching -£9.7 million. Bank borrowings have also increased, and trade creditors have decreased.

The company's website, THREE60 Energy, reveals a broader scope of operations. It’s a global energy engineering technology company offering a wide range of services, from design to decommissioning, and catering to sectors like oil & gas, renewables, and defence. The website details leadership teams, commitment to ESG principles, and a focus on innovation and collaboration. It's clear the company is not just importing and exporting parts, but providing comprehensive engineering solutions.

While Pryme Group Ltd’s financial data suggests a company facing challenges—particularly with its equity—the website points to a larger, more robust business. The company’s small size and agile leadership, as highlighted by its status as a small company, could be key to navigating these challenges. The lack of an auditor mentioned, typical for a small company, means the financial statements are unaudited.

Registered in England/Wales under the registration number 01242917, with a registered address at EC1A 7BN, England, London, C/O Brodies Llp, 90 Bartholomew Close.

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