Promax Beads & Profiles Ltd

Promax Beads & Profiles Ltd, based in Hyde, UK, is a small, active company founded eight years ago. With four employees and £376,284 in assets, it operates from a virtual address—a detail worth noting, as 157 companies share the same location. The business is led by two directors and has one owner, Thomas David Peter. It's a regular importer, primarily of plastics and plastic products, with 22 months of import activity recorded, most recently in January 2025. The company operates within the "other manufacturing n.e.c." industries.

While the website is unavailable, it’s likely that Promax Beads & Profiles Ltd focuses on supplying beads and profiles to various industries. Given the import activity, it probably sources materials from overseas and distributes them within the UK. It’s possible they supply construction, crafting, or other manufacturing sectors.

Financially, Promax Beads & Profiles Ltd shows a mixed picture. Cash reserves increased by a healthy 52%, reaching £97,000, a positive sign of improved liquidity. However, creditors have risen by 18%, reaching £350,000, which could indicate increased reliance on short-term financing. Net assets have also declined by 11%, settling at £26,000, a trend that warrants attention. Trade debtors have remained relatively stable, a good sign for cash flow management. The company’s small size—meeting two of three criteria for a small business—allows for agility, but the decrease in equity suggests a need to monitor profitability. No auditor is mentioned, which is typical for small, exempt companies.

The increase in depreciation charges, while small, could reflect investment in new equipment, and the decrease in retained earnings might be due to reinvestment or dividend payments. Overall, Promax Beads & Profiles Ltd appears to be navigating a challenging environment, balancing growth with financial stability.

Registered in England/Wales under the registration number 10625605, with a registered address at SK14 1AH, England, Hyde, Onward Chambers, 34 Market Street.

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