Prolux Concepts Limited

Prolux Concepts Ltd from Preston UK: a small, active company founded two years ago, employs seven people, and holds £431,428 in assets. With a real address, two directors, and a single owner (solo founder), the company regularly imports electrical machinery and equipment—four months of import activity recorded, with the latest in June 2024. The business operates in the retail sale via mail order houses or via internet industries.

The company’s website, ProLux Online Shop, is a straightforward e-commerce platform. It allows customers to send messages and offers a selection of countries for shipping, including Germany, Czech Republic, Denmark, Spain, France, and more. It seems to be a fairly standard online retail operation, catering to a European market.

Financially, ProLux Concepts Ltd presents a mixed picture. While cash reserves increased by a modest 3.7% to £52,000, current assets have fallen significantly—a 41% drop to £430,000. Creditors have also decreased considerably, down 39% to £430,000, which could indicate improved debt management. However, merchandise has plummeted 91%, falling to £29,000, and net assets have shrunk 48% to £2,800. Trade debtors have increased slightly, by 2.5% to £350,000. The company is small, meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. No auditor is mentioned, likely due to exemption as a small company.

The decline in assets and merchandise, coupled with the increase in debtors, suggests ProLux Concepts Ltd may be burning through cash faster than it’s generating revenue. While the improved creditor management is positive, the company’s financial health appears fragile. The solo founder and small team may be struggling to scale the business effectively.

Registered in England/Wales under the registration number 14102986, with a registered address at SK9 1BQ, Wilmslow, Cheshire, Suite 4, Second Floor, Aus Bore House, 19-25 Manchester Road.

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