The Play Company International Ltd

The Play International Company Ltd from Newton Abbot, UK, is a small, active company founded eight years ago in 2016. Employing 41 people, it holds £1,459,313 in assets and operates from a virtual address, a fact highlighted by the presence of 308 other companies registered at the same location. The company is managed by three directors and owned by two individuals—though it’s important to note that the list of owners is not exhaustive and only reflects those holding more than 25% of shares. It regularly imports and exports toys, games, and sports equipment, with 10 months of import activity and 7 months of export activity recorded, the latest being February 01, 2025.

The company’s website is currently unavailable, making it difficult to assess its online presence and sales channels. It’s unclear whether it operates an e-commerce site or primarily sells through distributors or retailers.

Financially, The Play International Company Ltd presents a mixed picture. While cash reserves increased significantly by 360% to £230,000, net assets declined by 15% to -£1,000,000. Bank borrowings decreased by 26% to £89,000, and creditors rose by 38% to £2,500,000. The company’s turnover is not explicitly stated, but it meets the criteria for a small company—with assets under £5.1 million and fewer than 50 employees. A notable trend is the 34% decrease in the average number of employees reported, dropping from 41 to 27, which could be related to restructuring or seasonal fluctuations. Trade debtors increased by 37%, suggesting a potential challenge in collecting payments, while payments received on account surged by 89%, indicating strong sales activity. The unaudited financial statements, prepared by CCH Software, do not mention an auditor.

Overall, The Play International Company Ltd appears to be navigating a period of change. While strong sales are evident, the decline in equity and increase in creditors raise concerns about its long-term financial stability. The reduction in workforce, combined with the virtual address, suggests a lean operation, but the company’s ability to maintain profitability will depend on its ability to manage its debts and capitalize on its import/export activities.

Registered in England/Wales under the registration number 10409145, with a registered address at PL6 8LT, United Kingdom, Plymouth, Devon, C/O Westcotts (Sw) Llp Plym House, 3 Longbridge Road, Marsh Mills.

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