Progen International Limited

Progen International Ltd from Huncoat UK is a small, active company founded 25 years ago. With 10 employees and £1,494,255 in assets, it's a modest operation led by two directors and one owner, boasting a respectable Google rating of 4.0 from four reviews. The company regularly imports machinery, boilers, and mechanical appliances, with parts imported for the past five months.

The company’s website, Rivonia Sauces, reveals a focus on creating unique sauces and flavourings. They scour the globe for herbs and spices, blending and bottling them into mouthwatering sauces. The site encourages customers to explore their range and sign up for a newsletter to stay updated on new products. Contact information, including a phone number, mobile number, and email address, is readily available.

Financially, Progen International Ltd presents a mixed picture. Accumulated depreciation on plant machinery has increased by 10%, while the company’s cash bank on hand has seen a significant boost, surging by 160%. However, the number of employees has decreased slightly, falling by 10%, and bank overdrafts have risen by 52%. Creditors have also increased, with both short-term and long-term debts rising considerably. Despite these challenges, the company’s net assets have grown by 12%, and current assets are up by 48%, suggesting a degree of financial resilience. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the rise in debt warrants attention. No auditor is mentioned, which is common for companies of this size.

Overall, Progen International Ltd seems to be navigating a period of change, with both positive and negative financial trends. The company’s focus on unique sauces and its commitment to customer engagement through its website suggest a strong foundation for future growth, but managing its increasing debt will be crucial.

Registered in England/Wales under the registration number 03861017, with a registered address at BB5 6NT, Huncoat, Unit 2a Huncoat Ind Estate, Newhouse Road.

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