Pro Test Panels Ltd

Pro Test Panels Ltd, based in Redditch, UK, is a small, active company established 19 years ago. With five employees and £421,073 in assets, it operates from a real address and is overseen by one director and owner. The company regularly imports iron and steel (3 months) and exports aluminum and aluminum products (52 months), showcasing a focus on materials testing substrates. Its website highlights a range of test panels – steel, aluminum, plastic, and surface-treated – catering to industries like aerospace, automotive, and marine. They even offer specialized panels for museum-grade piano restoration, a surprising diversification.

The company's core business revolves around manufacturing test substrates for quality control labs across various coatings industries. They supply panels meeting specific standards, often for demanding applications like aerospace, and have a global customer base. The website emphasizes reliability and the ability to meet custom specifications, inviting customers to inquire about their needs.

Financially, Pro Test Panels Ltd presents a mixed picture. Current assets decreased by 3%, settling at £420,000, while net assets increased by 18% to £330,000. Bank borrowings vanished completely, a positive sign, but cash reserves fell by 20% to £210,000. Trade debtors increased significantly by 32%, which could indicate a growing customer base, but also potential payment delays. Creditors decreased by 26%, suggesting improved debt management. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the rise in debtors warrants attention. No auditor is mentioned, consistent with its status as a small, exempt company.

Overall, Pro Test Panels Ltd appears to be a stable, albeit somewhat lean, operation. Its diversified product range and focus on custom solutions provide a strong foundation, but managing accounts receivable will be key to maintaining financial health.

Registered in England/Wales under the registration number 05606770, with a registered address at B98 0RD, Redditch, Worcestershire, 38 Padgets Lane, South Moons Moat.

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