Palak Enterprises Limited

Palak Enterprises Ltd, based in Southall, UK, is a small, active company established 15 years ago. With ten employees and £91,845 in assets, it’s a modest operation managed by one director and owner. The company has a real address and regularly imports jewelry, precious stones, and metals—the latest shipment arriving in October 2024.

The company's website reveals a specialized manufacturing business focused on narrow fabrics. Palak Enterprises produces a wide range of elastic tapes, ribbons, and cords, catering to industries like swimming wear, undergarments, and medical protective wear. They offer digital printing services on all their fabrics and even supply components for shoe laces and garment cords. The company’s website also mentions a manufacturing facility in Surat, Gujarat, India.

Financially, Palak Enterprises Ltd presents a mixed picture. While current assets remain stable at £92,000, bank borrowings have increased by 31% to £25,000. Cash reserves have significantly declined by 73% to £1,700, which is a concerning trend. Creditors have decreased by 31%, suggesting improved debt management, but corporation tax payable has risen by 26% to £32,000. The company’s equity has grown substantially—a whopping 610%—reaching £16,000, likely due to retained earnings. The company’s small size—meeting two of three criteria for a small company—helps with flexibility, but the drop in cash reserves warrants attention. No auditor is mentioned, consistent with its status as a small, exempt company.

Overall, Palak Enterprises Ltd appears to be navigating a period of change. The growth in equity is encouraging, but the decrease in cash reserves and increased tax liabilities suggest a need for careful financial management. The company’s focus on specialized narrow fabrics and its Indian manufacturing base could be key to its long-term success.

Registered in England/Wales under the registration number 06949699, with a registered address at UB1 1QF, Southall, Middlesex, 96 The Broadway.

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.