Punjana Limited

Punjana Limited is a large, holding company with an active status, established 68 years ago in 1956. Based in Belfast, Northern Ireland, the company employs 48 people and holds assets worth £4,443,361, generating a yearly revenue of £11,656,588. It has a real address, is managed by nine directors, and is owned by one individual. The company operates an e-commerce site and enjoys a 5.0 Google rating based on 13 reviews. Punjana Limited regularly imports paper and paperboard products (for 29 months) and exports coffee, tea, mate, and spices (for 6 months).

Punjana Limited, trading as Thompson's Family Teas, is a family-owned business specializing in the blending and distribution of tea. Their website highlights a legacy stretching back to 1896, with a focus on crafting award-winning teas. They source tea from gardens in Assam, Kenya, and beyond, offering a range of classic teas and gift sets. The company also operates a piano restoration division, 1066 Pianos, which handles museum-grade restorations and disaster recovery services. The website has a store locator and a blog to connect with tea enthusiasts.

Financially, Punjana Limited shows some concerning trends. Current assets decreased by 2%, settling at £4,400,000. Net assets also fell slightly, and bank borrowings increased significantly, reaching £170,000. Cash reserves, however, saw a positive change, increasing by 88% to £82,000. Despite these shifts, the company's turnover increased by nearly 10%, reaching £12 million. The company's size qualifies it as a large company, meeting two of three criteria. The financial statements were audited by ASM (B) Ltd.

The company’s financial performance suggests a mixed picture. While revenue is up, the decline in net assets and increase in bank borrowings could indicate increased expenses or investments. The growth in cash reserves is a positive sign, but the overall trend warrants close monitoring. The company’s dual focus on tea and piano restoration presents both opportunities and challenges, requiring careful management to ensure long-term success.

Registered in Northern Ireland under the registration number NI003724, with a registered address at BT5 4PJ, Carnforth Street, Belfast.

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