Paddock Promotions Limited

Paddock Promotions Ltd from Tamworth UK: small company, active status, founded 6 years ago, 3 employees, £153,765 assets, real address, 3 directors, 1 owner. Irregular importer of footwear and related items (1 months imported). It’s a small business, meeting two of the three conditions to be considered small: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. The company operates in the sports activities industries, and it’s a irregular importer, with its top import category being Footwear and related items, totaling 1 months of imports. The last import operation was conducted on March 01, 2023.

The company’s website is not available, which makes it difficult to determine if it’s an e-commerce business. It’s unclear if they sell directly to consumers or if they supply retailers.

Financially, Paddock Promotions Ltd shows a mixed picture. Current assets increased by 42% to £150,000, while net assets decreased by 19% to -£900,000. Bank borrowings decreased by 24% to £28,000, and cash reserves increased by 100% to £39,000. Creditors increased by 20% to £1.2 million. The company’s small size helps it stay agile, but the equity drop raises questions. The lack of an auditor (likely exempt as a small company) means the figures rely on unaudited statements.

It seems like the company is struggling to turn a profit, with significant losses. The increase in creditors suggests they may be relying on credit to manage their operations. However, the increase in cash reserves is a positive sign, indicating they may be able to weather the storm. The company’s three directors – Plowman Mark Wayne, Plowman Anita Karen, and Plowman Martin James – are all listed as owners, and the company is owned by Plowman Martin James.

Registered in England/Wales under the registration number 11643568, with a registered address at B77 5AE, England, Tamworth, Staffordshire, Unit 22 Two Gates Trading Estate, Watling Street.

WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.