Supreme Distributors Ltd

Supreme Distributors Ltd, based in London, UK, is a small, family-run business with an active status, established six years ago in 2019. The company holds £168,637 in assets and operates from a virtual address shared by forty-seven other companies, a detail that raises some questions. It’s managed by two directors and two owners, and the company operates in the agents specialized in the sale of other particular products, the wholesale of pharmaceutical goods industries.

The business is an irregular importer, primarily dealing in various textile products, sets, used clothing, and rags, with just one month of import activity recorded back in May 2020. It also exports headgear and accessories, with two months of export activity as of June 2022. While the company has a website, it's currently unavailable, so it’s difficult to determine the extent of its e-commerce operations.

Financially, Supreme Distributors Ltd presents a mixed picture. Current assets have fallen by 30%, dropping to £170,000, while net assets have plummeted 240%, resulting in a significant liability of £52,000. Bank borrowings have decreased by almost 16%, which is a positive sign, but cash reserves have also fallen by 11%, leaving just £16,000. Trade debtors have increased significantly, by 78%, suggesting the company is relying on customers to pay on time. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the sharp decline in equity is concerning. With no auditor mentioned, the figures are unaudited.

Overall, Supreme Distributors Ltd is navigating a challenging period. While its irregular import and export activities continue, the company’s financial health appears strained, and it’s relying on improved cash flow to stabilize its position.

Registered in England/Wales under the registration number 11939708, with a registered address at IG2 6HY, England, London, 364-368 Cranbrook Rd Gants Hill.

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