Procotech Ltd

Procotech Ltd, based in Harrogate, UK, is a small, active company established nineteen years ago. With five employees and £1,117,486 in assets, it operates from a real address and is led by two directors and a solo founder. The company regularly imports soaps, cleaning products, and waxes—a consistent activity spanning twenty-three months, with the latest import occurring in June 01, 2024—while exporting miscellaneous chemical products irregularly, with just one month of export activity recorded in June 01, 2020.

Procotech Ltd specializes in the design, development, and production of innovative private label wet wipes, catering to various sectors including cosmetic, baby care, healthcare, and industrial cleaning. Its website highlights custom wet wipe solutions, offering flexible minimum order quantities and a professional service. The company’s product range includes cosmetic, industrial, healthcare, baby, and personal care wipes, emphasizing quality and cost-effectiveness.

Financially, Procotech Ltd’s recent performance presents a mixed picture. While current assets decreased by 3.9% to £1,100,000, net assets dropped 7.9% to £670,000. Cash reserves experienced a significant decline, plummeting 82% to £32,000. Trade debtors, however, increased by 14%, suggesting improved collections, and creditors decreased slightly. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than fifty employees. The company’s unaudited accounts, exempt from an audit as a small entity, rely on director-reported data.

The sharp drop in cash reserves and the increase in bank borrowings are concerning, potentially indicating that the company is burning through cash. However, the increase in trade debtors suggests that the company is managing its receivables effectively. With no auditor mentioned, the financial picture is somewhat opaque, but Procotech Ltd’s focus on private label wet wipes and its commitment to customer service suggest a potential for continued growth, though careful financial management will be crucial.

Registered in England/Wales under the registration number 05543851, with a registered address at HG2 8NB, United Kingdom, Harrogate, Ground Floor, 13 Hornbeam Square South.

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