Proglove Ltd
- Small
- Active
- 3 years
- 7 employees
- £796,004 (assets)
- Real address
- 1 director
- No owners
- Regular importer
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
Summary
Proglove Ltd, based in Coventry, UK, is a small, active company founded just three years ago in March 2022. With seven employees and £796,004 in assets, it operates from the Coventry University Technology Park and is led by a single director. The company has no listed owners, a fairly common situation for smaller businesses. It regularly imports machinery, boilers, and mechanical appliances—parts, with 25 months of import activity recorded, the latest in January 2025. Proglove Ltd’s website is currently unavailable, making it difficult to assess its online presence and specific offerings. It appears to operate in the wholesale of computers, computer peripheral equipment and software industries.
Financially, Proglove Ltd presents a mixed picture. While cash reserves increased by 55% to £280,000, current assets experienced a significant drop of 42%, falling to £800,000. Debtors have also decreased sharply, down 75% to £170,000, which could indicate improved collection efforts or a reduction in sales. However, creditors have increased by 4.7%, reaching £1.9 million, and equity has plummeted 130%, resulting in net assets of -£1.3 million. This substantial equity decline, coupled with increased borrowings, suggests the company may be burning through cash, although the increase in cash reserves offers some reassurance. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the large equity loss is a cause for concern. The company’s auditor is Moore, and the accounts were audited.
The significant decrease in debtors could be a positive sign of improved cash flow management, or it could indicate a slowdown in sales. The increase in creditors, however, suggests the company is relying more on credit from suppliers. The substantial equity loss—a negative number—indicates the company is operating at a loss and has accumulated significant losses over time. While the increase in cash reserves is encouraging, the overall financial trends warrant close monitoring to ensure the company's long-term viability.
Registered in England/Wales under the registration number 13956155, with a registered address at CV1 2TT, England, Coventry, Proglove Ltd Coventry University Technology Park, Puma Way.
WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Managers
-
Individual
- 2 years
-
Resident of Germany
Last reports
The latest confirmation statement submitted four months ago.
Last news
-
Accounts for a small company made up to 2024-12-31Download 9 pages pdf report
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Confirmation statement made on 2025-03-03 with updatesDownload 3 pages pdf report
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Confirmation statement made on 2024-03-03 with no updatesDownload 3 pages pdf report
Importer profile by HS codes
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Last imported products
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