PUCKATOR HOLDINGS LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

PKF Francis Clark

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have assessed that the group is a going concern for the foreseeable future and therefore prepared the current year financial statements on a going concern basıs”

Group structure

1. PUCKATOR HOLDINGS LIMITED · parent
   1. Puckator Limited 0.8% · England and Wales · Retail
   2. Puckator SL 0.9% · Spain · Retail
   3. Puckator Eurohub SL 1% · Spain · Retail
   4. Puckator SRL 0.95% · Italy · Retail
   5. Purple Parrot (Xiamen) Trading Co Ltd 1% · China · Retail
   6. Great Eagle International (HK) Limited 1% · Hong Kong · Retail
   7. Puckator EDC SP z oo 1% · Poland · Retail

Significant events

• “The group imports the majority of the goods sold from China and is therefore exposed to foreign currency movements Management has implemented a policy of using hedging products, where appropriate, to give as much certainty to the group's exposure to falls in currency rates as possible”
• “The reduction in levels of disposable income resulting from higher interest rates and increases in the cost of living had been identified as an additional risk area However, although most of the group's products are non-essentials, they are lower cost and pocket money items, the sales of which appear to be largely unaffected by any reduction in disposable income Also, with inflationary pressures easing, and the likelihood interest rates will start to edge downwards in 2024, it is anticipated that cost of living pressures will lessen over time Nonetheless, it is an area the management continue to monitor closely though KPI's”
• “A significant part of the group's sales is driven from its online presence, and management have therefore assessed that cybercrime and security are potential risks to the group Management have implemented inbuilt security checks in their sales ordering process, designed to identify potential, fraudulent activity for further investigation, and undertaking regular testing to ensure PCI DSS compliance is maintained”
• “Due to the ongoing issues in the Red Sea, and an imbalance between supply and demand for container space, freight rates have been hiked by shipping companies The group's strategy to help mitigate the impact of higher freight rates is to establish relationships with a wider number of cargo services providers so that the opportunities for securing container space are maximized, and the group is well placed to secure more advantageous rates when those occur”
• “With the establishment in 2021 of a fully operational second distribution center in Poland, and direct shipments from China to Poland, the group is well placed to continue development of its market in Europe without the hindrance of border controls In particular, Eastern Europe is seen as an area with strong growth potential Currently, the group is continuing to expand its base in Poland and has also recruited additional sales staff in both Eastern and Western Europe to ensure that momentum is maintained”
• “Additionally, to drive forwards European sales, a European Sales Director has been appointed, and a more robust sales structure put in place Formalisation of sales teams within Europe has taken place to provide a more integrated structure and increasing focus has been put on country specific key account managers to ensure continued development of key accounts”
• “Brand building of key themes developed in-house has become an increasingly important part of the group's focus With key brands gaining increasing recognition globally, the group is focusing on this as a major area for future development”
• “Closer integration of accounts teams across the group has been undertaken, and discussions undertaken with potential new financial providers This is to achieve a reduction in inter-company financing, recharging, and transactions by establishing increased facilities in those countries where the group has a presence This will ensure greater efficiencies and a reduction in accounting and administrative costs”
• “Additionally, IT development has been focusing heavily on the upgrading of our web platforms, enhancing our inhouse systems and reports, and software integrations to support the group's continued development”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -2.6%

  £18,039,152 → £17,565,788

• Cash

  -8.2%

  £1,622,745 → £1,490,201

• Net assets

  -0.3%

  £7,267,399 → £7,245,284

• Employees

  -4.8%

  126 → 120

• Operating profit

  -28%

  £368,269 → £265,303

• Profit before tax

  -62.7%

  £453,298 → £169,154

• Wages

  -7.8%

  £2,674,780 → £2,467,277

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers