Produmax Limited

Produmax Limited, based in Shipley, UK, is a substantial player in the aerospace manufacturing sector. Incorporated 59 years ago in 1966, this holding company employs 85 people and holds assets totaling £5,553,282. The company, with five directors and one owner, maintains a real address and boasts a solid 4.0 Google rating from 23 reviews. It’s a regular importer of machinery, boilers, and mechanical appliances parts, with 17 months of import activity recorded.

The company’s website highlights its expertise in flight control components, emphasizing its role as “global experts.” It also promotes its precision engineering capabilities and strong core values, inviting potential apprentices to an open morning. Produmax’s site clearly targets business-to-business clients, showcasing its experience with prestigious partners and case studies. The website doesn’s appear to be an e-commerce platform, but rather a marketing tool to attract business.

Financially, Produmax Limited’s performance presents a mixed picture. While revenue increased by 20%, to £4.2 million, net assets decreased by 14%, to -£1.6 million. Bank borrowings have vanished completely, a positive sign, but cash reserves have fallen by 38% to £250,000. Creditors have increased by 18%, suggesting a need to manage short-term liabilities. Administrative expenses have risen dramatically, by 120%, which could be attributed to growth or operational changes. The company meets two of three criteria to be considered large, with turnover exceeding £36 million and a balance sheet total above £18 million, but employee numbers are slightly higher than the threshold. The accounts are audited by Azets Audit Services.

Overall, Produmax Limited seems to be navigating a period of transition. While its revenue is growing, the decline in net assets and the increase in administrative expenses raise concerns. The company’s strong reputation and established position in the aerospace industry, however, provide a solid foundation for future success.

Registered in England/Wales under the registration number 00878102, with a registered address at M2 1HW, England, Manchester, C/O A2e Industries Limited, No 1 Marsden Street.

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