Puredrive Energy Ltd

Puredrive Energy Ltd from Sutton UK: a small, active company founded eight years ago, employs 38 people, and holds £8,945,793 in assets. It's a real address with four directors and two owners, operates an e-commerce site, and enjoys a stellar 5.0 Google rating from 72 reviews. The company regularly imports and exports electrical machinery and equipment—69 months of imports and 7 months of exports recorded.

The company’s website, while currently inaccessible due to security measures, suggests a retail operation focused on mail order and internet sales. It’s a small business as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, and employees less than 50.

Financially, Puredrive Energy Ltd’s recent report shows some interesting trends. Creditors have increased significantly, jumping 510% to £480,000 within a year, while finished goods for resale dropped to a negative £480. Cash reserves, however, have grown substantially, increasing 180% to £380,000. Bank borrowings also saw a dramatic increase, soaring 3,600% to £300,000 within a year. Net assets, though, remained relatively stable at £3.2 million. The company’s equity has also increased, with retained earnings jumping 1000% to £1.8 million. The company's average number of employees has also increased by 65% to 38.

The company’s reliance on creditors to fund operations could be a cause for concern, but the growth in cash reserves suggests a recent influx of capital. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited. The company’s directors are Baghbadrani Hekmat Kaveh, Jesson Paul, Tmeg Management Ltd, and Millar Mark Steven. The company’s owners are Jiwa Shamir and Millar Mark.

Registered in England/Wales under the registration number 10286123, with a registered address at SM1 1EZ, England, Sutton, Surrey, Maximeyes (Uk) Limited, 56-58 High Street.

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