Promax Imaging Limited

Promax Imaging Limited, based in Stoke-On-Trent, UK, is a small, family-run business with an active status, celebrating 25 years since its founding in 2000. The company holds £100,470 in assets and operates from a real address, managed by three directors and two owners. Boasting a perfect 5.0 Google rating from three reviews, Promax Imaging is a regular importer of machinery, boilers, and mechanical appliances, with its last import activity recorded three months ago in December 2016.

The company’s website reveals it operates in the other information technology service activities industries, with a focus on providing IT services. While no e-commerce functionality is apparent, the site serves as a digital presence for the business.

Financially, Promax Imaging’s report shows a mixed picture. Current assets have increased slightly to £100,000, but net assets have decreased significantly to -£220,000. Bank borrowings have decreased by 53%, and cash reserves have fallen by 76%, leaving just £100. Creditors have increased by 3.3%, and trade debtors have risen by 66%, suggesting a possible increase in outstanding invoices. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 30 employees) allows for flexibility, but the substantial equity decline raises concerns. With no auditor mentioned (likely exempt as a small company), the figures are unaudited.

The company's significant increase in trade debtors could be a sign of growth, but it also indicates a need to manage cash flow effectively. The decrease in cash reserves, coupled with the negative equity, suggests the company is burning through money, although it's not clear if this is a typical startup phase or a more concerning trend.

Registered in England/Wales under the registration number 03924278, with a registered address at ST10 4LG, England, Stoke-On-Trent, 14-16 Uttoxeter Road, Tean.

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