Profast (ni) Limited
- Small
- Holding
- Active
- 68 years
- 14 employees
- £1,756,274 (assets)
- Real address
- 4 directors
- 1 owner
- Regular importer
- Regular exporter
- Rating 5.0 (10)
Two conditions of three:
1.Turnover < £10.2 million
2.Balance sheet total < £5.1 million
3.Average number of employees < 50
Field of Operation
Website
Social media
Phones
Summary
Profast (NI) Limited, based in Belfast, UK, is a small, active holding company established 68 years ago in 1956. Employing 14 people, the company holds assets totaling £1,756,274 and maintains a real address at 26-30 Rydalmere Street. With four directors and one owner, it boasts a perfect 5.0 Google rating from 10 reviews. The company regularly imports iron or steel products (63 months) and exports them (10 months), indicating a focus on the hardware and construction supply chain.
The company’s website details a long history, starting as Pipeflow Products Ltd and evolving through several acquisitions and restructurings. It now operates as part of the Profast Group, which includes Fortus Hardware Ltd and a significant piano restoration business, 1066 Pianos, that operates from Cambridge and even has a showroom in Harrods. Profast (NI) Limited's website highlights its commitment to providing fasteners and fixings solutions, catering to industries across Ireland, the UK, and internationally. It offers a comprehensive catalogue and emphasizes its expertise and precision.
Financially, Profast (NI) Limited presents a mixed picture. Current assets have decreased by 24% to £1,800,000, while net assets increased by 7.0% to £1,200,000. Bank borrowings have increased, and cash reserves have fallen by 28% to £160,000. Creditors have decreased by 25%, suggesting improved debt management. The company’s small size (meeting two of three criteria for a small company) allows for agility, but the decline in cash reserves could indicate tighter margins. The company’s accounts are unaudited, and no auditor is mentioned, which is typical for small companies. The company’s recent management buyout, led by Stephen Clarke, Craig Milne, and Jonathan Aiken, suggests a focus on future growth and innovation.
Registered in Northern Ireland under the registration number NI003765, with a registered address at BT12 6GF, Belfast, 26-30 Rydalmere Street, Donegall Road.
WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Owners & PSC
-
Corporate
- 9 years
- 1
- 75%+
-
Resident of United Kingdom
Managers
-
Individual
- 1 year
- 5
-
Resident of United Kingdom
-
Individual
- 1 year
- 6
-
Resident of United Kingdom
-
Individual
- 1 year
- 4
-
Resident of Ireland
-
Individual
- 6 years
- 4
-
Resident of United Kingdom
Last reports
The latest confirmation statement submitted ten months ago.
Last news
-
Accounts for a small company made up to 2023-12-31Download 12 pages pdf report
-
Confirmation statement made on 2024-09-05 with no updatesDownload 3 pages pdf report
-
Appointment of Mr Craig Bennet Milne as a director on 2024-06-28Download 2 pages pdf report
Importer profile by HS codes
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Last imported products
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Exporter profile by HS codes
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FAQ about Profast (ni) Limited
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