Poraflex Ltd

Poraflex Ltd, based in Westerham, UK, is a small, family-run business with an active status, having been founded twenty-two years ago. With just one employee and £168,106 in assets, it operates from a virtual address – a point to note as 123 companies are registered at the same location. The company is led by one director and owned by two individuals, Waddington Merle and Waddington Matthew William.

Poraflex Ltd specializes in sports surface innovation, specifically porous acrylic surfaces for tennis courts and multi-use games areas. Its website highlights a patented system combining a rubber mat and spray coatings to create a water-permeable, cushioned surface ideal for rainy climates. The company acts as the exclusive UK distributor for the Proflex Range of surfaces, including hardcourt, elite, cushion, and multisport options. It’s a niche business, focused on high-quality, durable sports surfaces.

Financially, Poraflex Ltd’s numbers present a mixed picture. Current assets increased by 29%, reaching £170,000, but bank borrowings surged by 120%, hitting £7,600. Creditors also increased significantly, jumping 71% to £46,000. Cash reserves declined by 66%, dropping to £19,000. The company’s small size (meeting two of three conditions for a small company) allows for agility, but the rise in debt and fall in cash reserves could indicate some financial strain. The lack of an auditor mentioned suggests the company is exempt from an audit, relying on unaudited financial statements. It’s likely that the company is burning through money, and it’s a bit concerning.

Registered in England/Wales under the registration number 04669195, with a registered address at TN16 2DJ, England, Westerham, Kent, First Floor Office Westerham Garage, 190 London Road.

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