Paragon Micro Uk Ltd

Paragon Micro Uk Ltd, based in Sheffield, UK, is a small, active company founded five years ago in 2019. With seven employees and £882,588 in assets, it operates from a real address and is led by two directors and one owner. The company runs an e-commerce site and is a regular exporter of machinery, boilers, and mechanical appliances, with 29 months of export activity recorded, the last in November 2021. It also imports electrical machinery and equipment, though irregularly, with just one month of import activity noted in July 2024. The company operates within the wholesale of computers, computer peripheral equipment and software industries.

The company's website showcases a wide range of IT solutions, from end-user experience tools to cloud services and cybersecurity. It sells a variety of hardware and software, including computers, networking equipment, printers, and security solutions. The site also offers services such as IT consulting, managed services, and data protection. The company emphasizes its ability to provide next-generation information technology solutions and prides itself on empowering businesses with flexibility and agility. It even has a recruitment section, actively seeking talented individuals.

Financially, Paragon Micro Uk Ltd presents a mixed picture. Cash bank on hand has decreased by 42%, dropping to £290,000, while current assets have fallen by 16%, settling at £880,000. Net assets have declined significantly, dropping 14% to -£3.3 million. Bank borrowings have increased by 8.4%, reaching £3.9 million. Creditors have also risen by 6.3%, reaching £4.2 million. Trade debtors have increased by 7.4%, settling at £560,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to be nimble, but the decline in equity is concerning. The accounts are unaudited, and no auditor is mentioned, which is common for small companies.

Overall, Paragon Micro Uk Ltd appears to be navigating a challenging financial landscape, but its focus on providing IT solutions and its active e-commerce presence suggest it's striving to maintain a competitive edge. The company’s growth in bank borrowings and decline in cash reserves, however, warrants close monitoring.

Registered in England/Wales under the registration number 12358163, with a registered address at S11 8HA, Sheffield, South Yorkshire, Cedar House, 63 Napier Street.

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