Procureus Ltd

Procureus Ltd is a small, active company based in London, UK, founded just one year ago. With a single employee and £1,369 in assets, it operates an e-commerce site and boasts two directors and one owner. The company’s registered address is a virtual one, shared by over 90,000 other businesses, which is a little odd.

Procureus Ltd’s website showcases a range of services, positioning itself as specialists in cyber security, AI, and cloud solutions. It’s a partner for several well-known security vendors, including WatchGuard, Barracuda, KnowBe4, and GFI, offering products like firewalls, email security, security awareness training, and endpoint protection. The site is clearly geared toward businesses, with a focus on managed services, cloud marketplaces, and vendor solutions. They even have a blog, though it hasn’t been updated recently.

Financially, Procureus Ltd’s numbers are… modest. Net assets are a negative £7,000, indicating the company is burning through cash. Cash bank on hand is a mere £1,100, and trade creditors are a hefty £9,200. While the company’s small size (meeting two of three conditions for a small company) allows for flexibility, the negative equity is concerning. Bank borrowings have increased, suggesting a need for external funding. The lack of an auditor (likely exempt as a small company) means the figures haven’t been independently verified.

It's clear that Procureus Ltd is still in its early stages. While the e-commerce site and vendor partnerships show promise, the financial data suggests a startup struggling to gain traction. Whether it can turn things around will depend on its ability to generate revenue and manage its expenses—though it’s a bit strange that they have so many creditors for such a small company.

Registered in England/Wales under the registration number 15027950, with a registered address at WC2H 9JQ, United Kingdom, London, 71-75 Shelton Street, Covent Garden.

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