Puremedium Cnc Limited

Puremedium Cnc Ltd from London UK: a small, active company founded 28 years ago, employs three people, and holds £417,068 in assets. It operates from a virtual address, managed by two directors and two owners, and boasts a perfect 5.0 Google rating based on one review. The company irregularly imports electrical machinery and equipment (for one month, last recorded in October 2024) and exports vehicles, parts, and accessories (also for one month, last recorded in April 2024).

The company’s website is non-existent, making it difficult to determine its exact operations beyond the provided information. However, it’s described as operating in the manufacture of tools industries.

Financial data reveals a concerning trend. Current assets have fallen by 31% to £290,000, while net assets have plummeted 250% to -£390,000. Bank borrowings have increased by 34% to £32,000, and cash reserves have completely vanished. Creditors have decreased by 2.2% to £720,000, which is a positive sign, but the significant drop in equity is a major red flag. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 10 employees) allows for agility, but the substantial loss raises questions about its financial health. No auditor is mentioned, meaning the figures are unaudited.

Despite the challenges, Puremedium Cnc Ltd’s longevity suggests some resilience. The irregular import and export activity indicates a niche market, and the high Google rating points to satisfied customers. Whether it can overcome its current financial difficulties remains to be seen, but its history and niche focus provide a foundation for potential recovery.

Registered in England/Wales under the registration number 03293077, with a registered address at WC2H 9JQ, United Kingdom, London, 71-75 Shelton Street, Covent Garden.

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