Premium Wholesale Ltd

  • Active
  • Small
  • 5 years
  • 0 employees
  • £463,400 (cur assets)
  • 0-1m
  • Regular importer
  • Regular exporter
  • Virtual address
  • 2 directors
  • 2 owners
  • Glasgow

Field of Operation

Wholesale of perfume and cosmetics
46450 9953 companies

Website

premierwholesalefoods.co.uk↗

Social media

linkedin↗

Summary

Premium Wholesale Ltd, based in Glasgow, UK, is a small, active company founded four years ago. It employs just two people and holds £163,241 in assets, operating from a virtual address shared by many other businesses. With two directors and two owners, the company regularly imports clothing and accessories (excluding knitted or crocheted items) – 23 months of activity recorded, with the latest in October 2024 – and exports footwear and related items, with nine months of export activity as of February 3rd, 2025. The company operates in the wholesale of perfume and cosmetics industries.

The business appears to be an e-commerce operation, although no website is listed. This suggests a business-to-business model, potentially supplying retailers or other wholesalers. The shared address points to a cost-saving strategy common among smaller businesses, but it also raises questions about the company's physical presence and operational independence.

Financially, Premium Wholesale Ltd shows a mixed picture. Current assets have increased by 26% to £160,000, while net assets have plummeted 82% to just £7,000. Bank borrowings have decreased by 100%, reaching zero, and cash reserves have increased significantly to £18,000. Creditors have increased by 67%, suggesting a reliance on trade credit. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain agile, but the sharp equity drop is concerning. Trade debtors have decreased by 65%, which could be a positive sign of improved collections or a shift in sales terms. The company is exempt from an audit as a small company, so the figures are unaudited.

The significant increase in total inventories (940%) is a notable trend, potentially indicating a build-up of stock or a strategic move to secure supply. However, the sharp decrease in trade debtors could be a sign of delayed payments from customers, which could put a strain on cash flow. The company’s reliance on trade credit (as evidenced by the increase in creditors) could also be a risk if suppliers tighten their terms.

Registered in Scotland under the registration number SC676661, with a registered address at G1 3NQ, Scotland, Glasgow, 6th Floor Gordon Chambers, 90 Mitchell 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.

Owners & PSC

  • Morrison Alan
  • 5 years
  • 1
  • 25%+
  • Snowdon Laura
  • 5 years
  • 25%+

Managers

  • Morrison Alan
  • 5 years
Director
  • Snowdon Laura
  • 5 years
  • 1
Director

Last reports

Download the last financial report
Download the last confirmation report
* may contain a full shareholder list

Last news

  1. Change of details for Mr Alan Morrison as a person with significant control on 2021-03-26
  2. Total exemption full accounts made up to 2025-12-31
  3. Confirmation statement made on 2025-10-05 with no updates

Importer profile by HS codes

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Import HS codes in detail

Last imported products

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* Warning: Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.

Exporter profile by HS codes

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Export HS codes in detail

Last exported products

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* Warning: Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.

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