Pioneer Products Limited

Pioneer Products Limited, based in London, UK, is a small, active company founded 34 years ago in 1991. With 39 employees and £1,662,173 in assets, it operates from a real address and is led by a single director and owner, Gary George Fage. The company regularly imports various textile products, sets, used clothing, and rags, with its last import operation occurring in February 2025.

The company's website paints a different picture than a typical retailer. Pioneer Products specializes in precision components and engineered solutions for industries like aerospace, automotive, and medical. It’s a full-service provider of complex machined and assembled pressure-tight castings, offering services ranging from design and tooling to pressure testing and supply chain management. The website emphasizes its IATF certification, family ownership, and commitment to training and growth opportunities through partnerships with local educational institutions. It’s clear that Pioneer Products isn's a simple ecommerce business, but rather a manufacturing and engineering services provider.

Financially, Pioneer Products Limited shows some concerning trends. Current assets have decreased by 10%, falling to £1,700,000, while net assets have dropped by 16% to £670,000. Bank borrowings have significantly reduced by 44%, dropping to £240,000, and cash reserves have also decreased by 11% to £150,000. Creditors have increased by 16% to £700,000, and trade debtors have fallen by 7%, suggesting a shift in payment patterns. 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 stay agile, but the drop in equity raises questions about its financial health. With no auditor mentioned, the figures rely on unaudited statements.

Overall, Pioneer Products Limited appears to be navigating a period of change. While its engineering services seem robust, the financial data suggests a need for careful management and possibly a re-evaluation of its cost structure.

Registered in England/Wales under the registration number 02587625, with a registered address at N7 8EL, England, London, 10 Unit 44 Hornsey Street.

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