Paragon Protection Systems Ltd

Paragon Protection Systems Ltd from Perth UK: a small company, holding company, with an active status, was founded nine years ago. It employs eleven people and holds £1,894,214 in assets, operating from a real address. With two directors and one owner, it boasts a perfect 5.0 Google rating based on nine reviews. It’s an irregular importer, with no specific import category recorded in the last 1 months, the last import operation was made on November 01, 2016.

The company specializes in providing temporary or permanent covered areas, primarily through its Zappshelter system. Its website details a range of applications, from industrial shelters and storage solutions to farm shelters and workshop areas. Zappshelter emphasizes rapid installation, durability, and customizability, catering to businesses across various industries. The site also showcases customer testimonials and project case studies, highlighting the product’s versatility and effectiveness. It seems the company is doing well, with a lot of projects.

Financially, Paragon Protection Systems Ltd presents a mixed picture. While net assets increased by 19%, reaching £1,400,000, cash reserves only rose 20%, settling at £910,000. Trade debtors decreased by 5.3%, suggesting improved collection efforts, but bank borrowings surged by 150%, reaching £84,000. Creditors also increased, by 16%, reaching £1,100,000. The company’s small size (meeting two of three conditions for a small company) helps it remain flexible, but the increase in bank borrowings could indicate a need for additional funding. The company's average number of employees increased by 36% to 15. There is no auditor mentioned, likely due to the company's small size and exemption from an audit.

Overall, Paragon Protection Systems Ltd appears to be a healthy, albeit growing, business. The company’s focus on rapid deployment and customizable solutions, combined with positive customer feedback, positions it well for continued success. However, the increase in bank borrowings warrants monitoring to ensure sustainable growth.

Registered in Scotland under the registration number SC513620, with a registered address at PH2 7RB, Scotland, Perth, The Steading Inchcoonans, Errol.

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