Prolighting Limited

Prolighting Ltd from London UK is a small, active company founded 17 years ago. With 24 employees and £4,581,770 in assets, it operates from a real address and is managed by one director and owner. The company regularly imports and exports optical and medical tools and devices – three months of imports and five months of exports recorded. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, and employees less than 50.

Prolighting Ltd specializes in the renting and leasing of media entertainment equipment, but also supplies stage lighting equipment. Its website, though currently unavailable, likely showcases its range of lighting solutions and related services. The company’s core business seems to be providing equipment and expertise to the entertainment industry, catering to events, productions, and installations.

The company’s financial performance reveals some concerning trends. While fixed assets decreased slightly, net assets took a significant hit, plummeting 5.1% to £3,200,000. Bank borrowings increased substantially, rising 2,400% to £29,000, and cash reserves fell 76% to just £89,000. Creditors also saw a significant jump, increasing 86% to £2,100,000. Trade debtors, however, increased by 110% to £890,000, potentially indicating an expansion in credit terms or challenges in collecting payments. The company’s reliance on bank borrowings to cover its operational needs suggests a possible cash flow issue.

The lack of an auditor mentioned, likely due to its small size and exemption status, means the financial statements are unaudited. This makes it harder to fully assess the company’s financial health. The increase in bank borrowings and decrease in cash reserves, combined with the rise in creditors, raise questions about its ability to manage its short-term obligations. It’s possible the company is investing in growth, but the financial data suggests it’s burning through money like a startup. The company’s single director and owner, Simon Farrant, likely plays a crucial role in its day-to-day operations, and his leadership will be key to navigating these challenges.

Registered in England/Wales under the registration number 06547771, with a registered address at E1 5BL, England, London, Ground Floor, 6-8 Hemming Street.

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