True Products Group Ltd

True Products Group Ltd, based in Great Yarmouth, UK, is a small, active company founded eight years ago. With just two employees and £119,015 in assets, it’s a family business run by seven directors and three owners. The company regularly imports iron or steel products, with a consistent import history spanning 46 months, the last operation taking place in October 6 2023.

The company’s website, Premier Netting, showcases a vast range of netting and mesh products, catering to diverse needs from wind protection and animal control to sports and garden fencing. It’s clearly an e-commerce business, with a large inventory and a focus on online sales. The site offers a wide variety of products, including netting, mesh, wire, plastic, and artificial hedges, available in various colours and sizes. It also offers ground products, reinforcement, and even Christmas tree netting. The website is well-organized, with detailed product descriptions, images, and a robust search function. There's a focus on competitive pricing, with sales and discounts prominently displayed.

Financially, True Products Group Ltd presents a mixed picture. While cash bank on hand increased significantly by 370% to £41,000, current assets decreased by a substantial 85% to £120,000. Creditors also saw a dramatic reduction, falling 94% to £46,000, which could indicate improved debt management. However, trade debtors decreased by 96%, a significant drop to £76,000, which might suggest difficulties collecting payments. The company’s small size—meeting two of three criteria for being considered small—helps it remain flexible, but the decrease in assets is a cause for concern. The company is exempt from an audit, so the figures are unaudited.

The large decrease in assets and the drop in trade debtors suggest the company may be burning through cash, although the increase in bank holdings is a positive sign. It's likely that the company is navigating a challenging economic climate, and its success will depend on its ability to maintain sales and manage its finances effectively.

Registered in England/Wales under the registration number 10367080, with a registered address at NR30 4DA, United Kingdom, Gt Yarmouth, The True Centre, 31 Caister Road.

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