P S D Ice Art Limited

Psd Ice Art Ltd, based in Lingfield, UK, is a small, active company established 20 years ago. With four employees and £57,899 in assets, it’s a modest operation managed by three directors and two owners, all while maintaining a stellar 5.0 Google rating from 110 reviews. The company’s registered address is real, with only one other business registered there. It operates as an irregular importer, primarily dealing with plastics and plastic products, though import activity has been minimal in recent years, with the last recorded in 2018.

The company’s website showcases a diverse range of services centered around ice – from exquisite ice sculptures and themed events to cocktail ice for drinks. It caters to weddings, corporate events, and even offers ice sculpting tools and a calculator. The site highlights the company’s experience, emphasizing its ability to “wow” guests and offering a gallery of past projects. It’s clear that Psd Ice Art Ltd focuses on providing unique, memorable experiences through its ice-related offerings.

Financially, the company’s recent performance presents a mixed picture. Property, plant, and equipment has seen a slight increase, with furniture fittings up 6%, motor vehicles up 20%, and plant machinery up 3%. However, cash reserves have plummeted 56%, dropping to £34,000. Bank borrowings have also increased significantly, with an overdraft of £6,600 and another of £29,000. Creditors have decreased, which is a positive sign, but equity has suffered a substantial drop of 91%, leaving it at just £280. The company’s small size (meeting two of three criteria for a small company) helps it remain flexible, but the decline in equity and cash raises concerns. There’s no mention of an auditor, likely due to its status as a small, exempt company.

Overall, Psd Ice Art Ltd appears to be navigating a challenging financial period. While its ice-related services are clearly popular, the company needs to address the decline in equity and cash flow to ensure its long-term sustainability.

Registered in England/Wales under the registration number 05448624, with a registered address at RH7 6HN, Lingfield, Surrey, 17a Hobbs Industrial Estate, Newchapel.

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