Psm Logistics Ltd

Psm Logistics Ltd, based in Watford, UK, is a small, active company founded eight years ago in 2016. It employs just two people and holds £390,193 in assets. With a real address and a single director and owner, Patel Sonal Dineshkumar, the company operates in the freight air transport industries. It’s an irregular importer of art and antiques (one month of imports recorded in June 2024) and an irregular exporter of plastics and plastic products (one month of exports recorded in August 2024).

The company's website is currently unavailable, making it difficult to assess its online presence or e-commerce activities. It's unclear if they have a dedicated online store or rely solely on offline channels.

Financially, Psm Logistics Ltd shows a mixed picture. Current assets have decreased by 18% to £390,000, while net assets have increased by 7.4% to £200,000. Cash bank on hand has decreased by 17% to £85,000. Trade debtors have decreased by 19% to £310,000, and creditors have decreased by 34% to £210,000. Bank overdrafts remain constant at £400. The company meets two of the three conditions to be classified as small: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. The decrease in cash reserves, however, suggests the company is burning through money, although the reduction in creditors indicates improved debt management. No auditor is mentioned, as is common for small, exempt companies.

Overall, Psm Logistics Ltd appears to be a small, struggling business. While it has managed to reduce its debts, the decline in cash reserves and the lack of a visible online presence raise concerns about its long-term viability.

Registered in England/Wales under the registration number 10354506, with a registered address at WD25 8DA, England, Watford, 1 Hilfield Reservoir Cottage Hilfield Lane, Aldenham.

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