Pyramid Textiles Limited

Pyramid Textiles Ltd from Sevenoaks UK: a small, active company established fifteen years ago, employs a single person, and holds £32,098 in assets. With two directors and one owner, the company operates from a real address and regularly imports plastics and plastic products (5 months) while exporting tanning and dyeing products (7 months). It’s a small company 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.

The company’s website is non-existent, which makes it difficult to determine if they operate an e-commerce business. It’s likely they are a wholesale supplier, providing materials to larger manufacturers or distributors. Without a website, it's hard to gauge their online presence or direct customer engagement.

Financially, Pyramid Textiles Ltd presents a concerning picture. Current assets have plummeted by a staggering 89%, falling to just £32,000, while net assets have also seen a dramatic decrease of 81%, settling at £29,000. Cash reserves have halved, dropping 40% to £18,000, and bank borrowings have increased by a significant amount. Creditors have also been reduced by a large percentage. The company’s single employee and small size (meeting two of three criteria) suggest a lean operation, but the sharp decline in assets and equity raises serious questions about its financial health. It’s worth noting that the company is exempt from an audit, so these figures are unaudited. The company’s retained earnings have also decreased significantly.

The company’s decline in assets could be due to a variety of factors, such as reduced sales, increased costs, or a shift in inventory management. The decrease in cash reserves suggests that the company may be struggling to meet its short-term obligations. The increase in bank borrowings indicates that the company is relying on debt financing to fund its operations. It's possible that the company is facing challenges in its import and export activities, or that it is struggling to compete in a changing market.

Registered in England/Wales under the registration number 07128572, with a registered address at TN15 6EL, Sevenoaks, Kent, Unit 8 West Kingsdown Industrial Estate, London Road West Kingsdown.

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