Profleet Parts Limited

Profleet Parts Ltd, based in Hitchin, UK, is a small, active company founded nine years ago. With two employees and £116,273 in assets, it operates from a virtual address, managed by two directors and one owner. Google users rate it 4.0 out of 5 based on 32 reviews. The company is an irregular importer, primarily dealing in vehicles, parts, and accessories—though it hasn's imported anything in over four years.

The company’s website is non-existent, so it’s difficult to determine if it operates an e-commerce platform or primarily functions as a wholesale supplier. It operates in the wholesale of other machinery and equipment industries.

Financially, Profleet Parts Ltd presents a mixed picture. Current assets have increased significantly, jumping 52% to £120,000, while net assets have more than doubled to £63,000. However, bank borrowings have risen sharply, increasing by 1700% to £1,700. Cash reserves have completely vanished, dropping 100% to zero. Creditors have also increased by 20%, and trade debtors have skyrocketed by 200%. Despite these fluctuations, the company’s small size—meeting two of three conditions for being classified as small—allows it to remain agile. The lack of an auditor mentioned suggests it's exempt due to its size, relying on unaudited financial statements.

The sharp decline in cash reserves, combined with increased borrowings, suggests the company may be burning through money. It's possible that increased sales have led to a temporary cash flow squeeze, or that the company is investing in growth. However, the lack of cash on hand is a concern. The rise in trade debtors indicates potential difficulties in collecting payments from customers.

Registered in England/Wales under the registration number 09611192, with a registered address at SG4 9SP, England, Hitchin, Hertfordshire, Second Floor, 2 Walsworth Road.

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