Pro Auction Ltd

Pro Auction Ltd, based in Bristol, UK, is a small, active company established 21 years ago. With five employees and £376,305 in assets, it operates from a virtual address—a fact highlighted by the presence of 37 other companies registered at the same location. Two directors and two owners manage the business, which specializes in importing furniture, lighting, and prefabricated buildings (48 months of import activity, last in December 2021). It also exports machinery, boilers, and mechanical appliances (2 months of export activity, last in June 2021), though this is less frequent.

The company’s website paints a picture of a high-end auction house, focusing on luxury furniture, fixtures, and equipment (FFE) for hotels and residences. It offers bespoke services, including valuation, webcasting, and asset disposal, catering to a global clientele across Europe, the Middle East, and Asia. Pro Auction emphasizes its expertise in dealing with luxury items and building strong relationships with both buyers and sellers, aiming to provide a world-class auction service. They even handle disaster recovery for damaged pianos!

Financially, Pro Auction Ltd shows a mixed bag. Current assets increased by 27% to £380,000, while net assets improved by 56% to -£50,000. Bank borrowings increased significantly by 130%, reaching £180,000, and cash reserves fell 70% to £39,000. Creditors decreased by 56%, suggesting improved debt management. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There's no auditor mentioned, likely due to its small size.

Overall, Pro Auction Ltd seems to be navigating a period of change. While its core auction business appears to be thriving, the financial figures indicate some challenges. The company’s virtual address and reliance on a small team suggest a lean operation, but the fluctuating cash reserves and rising debt warrant close monitoring.

Registered in England/Wales under the registration number 05059610, with a registered address at BS39 7SU, England, Bristol, Unit 12 Old Mills Industrial Estate, Paulton.

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