Purfleet Real Estate Limited

Purfleet Real Estate Ltd, based in London, UK, is a large, active company founded 33 years ago. Holding £3,972,384 in assets and generating £4,591,416 in revenue annually, it operates as a holding company with four directors and one owner. The company's registered address is a virtual one, as 162 companies share the same location, raising some concerns. It's an irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings, with a recent import operation in November 2023.

The company's website is non-existent, making it difficult to ascertain its online presence or e-commerce activities. It's unclear if they have a website or if their business is purely offline.

Financially, Purfleet Real Estate Ltd shows a mixed picture. Accrued income decreased by 13%, while accumulated depreciation impairment property plant equipment increased significantly by 27% and 9.7% respectively. Administrative expenses jumped 31%, and amounts owed to related parties surged by a staggering 3600%, suggesting a potential shift in financial relationships. However, cash bank on hand plummeted 93%, indicating a liquidity issue. Despite this, commitments for acquisition property plant equipment increased by 130%, which could signal future growth plans. Overall, net assets declined by 6.5%, and profit loss decreased by 53%. The company's auditor, Brebners, has issued an unqualified opinion, but the financial trends warrant closer scrutiny.

While the company meets the criteria to be considered large, with turnover exceeding £36 million and a balance sheet total exceeding £18 million, the declining cash reserves and increased debt raise questions about its financial health. The management structure, with four directors, suggests a more complex decision-making process, but the lack of employee data makes it difficult to assess operational efficiency.

Registered in England/Wales under the registration number 02657863, with a registered address at W1D 5EU, London, 130 Shaftesbury Avenue, 2nd Floor.

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