Pro Formance Metals Limited

Pro Formance Metals Ltd, based in Daventry, UK, is a small, active company established fourteen years ago. With three employees and £1,204,595 in assets, it operates from a real address and is overseen by three directors and two owners. The company regularly imports and exports iron or steel products, with 51 months of import activity and 89 months of export activity recorded.

The company's website showcases a specialist metals supplier, catering to sectors like aerospace, defence, motorsport, and engineering. It offers a wide range of products, including tube, sheet, bar, and plate, in various metals like 15CDV6, 4130 steel, and aluminium. The website also highlights services like reprofiling and custom fabrication, alongside a gallery showcasing completed projects. It’s clear they operate an ecommerce business, selling directly to customers rather than acting as a distributor.

Financially, Pro Formance Metals Ltd shows a generally positive trend. Cash bank holdings increased by 39% to £820,000, while current assets grew by 36% to £1,200,000. Equity also increased significantly by 26% to £1,300,000. However, creditors rose by 30% to £250,000, and other taxation and social security payable increased dramatically by 160% to £140,000 – a potentially concerning trend. The company meets the criteria for a small business, with turnover less than £10.2 million and fewer than 50 employees. The lack of an auditor mentioned suggests the company is exempt from an audit, relying on unaudited financial statements.

The increase in creditors and social security liabilities could indicate growing operational expenses or delayed payments. However, the substantial growth in cash reserves and assets suggests the company is still financially healthy and able to manage its obligations. The company's focus on specialist metals and custom fabrication, combined with its online presence, positions it well to continue serving its niche markets.

Registered in England/Wales under the registration number 07332665, with a registered address at NN11 4EZ, England, Daventry, Northamptonshire, 1 High March Close.

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