Promax Limited

Promax Limited, based in Basildon, UK, is a small, active company founded nine years ago. With four employees and £215,550 in assets, it operates from a virtual address shared by thirty other companies, raising some questions about its physical presence. The company is led by two directors and owned by Pike Chilton Leonard, who is also the solo founder. Promax Limited primarily imports copper and copper products, though its import activity has been irregular, with the last recorded operation occurring over two years ago.

The company’s website reveals it’s a specialist in powered access equipment and lifting solutions. Promax Access provides spider lifts, compact cranes, and rail access platforms, catering to a range of industries, including construction, maintenance, and even religious sites. They offer new and used equipment, finance options, training, and servicing, emphasizing industry-specific solutions, excellent value, outstanding performance, and exceptional product support. The website also features a blog with recent posts on winch attachments, spider lifts in theme parks, and their use in religious sites.

Financially, Promax Limited presents a mixed picture. While cash reserves increased significantly by 81% to £130,000, net assets still declined by a considerable 110% to £11,000. Trade debtors increased dramatically by 1,100%, reaching £32,000, suggesting potential issues with customer payments. Bank borrowings decreased by 19%, and creditors decreased by 11%. The company’s small size—meeting two of three conditions for being classified as small—helps it remain agile. With no auditor mentioned, the financial statements are unaudited. The significant increase in employees from four to six, while positive, may be contributing to the increased expenses and the overall decline in equity.

Registered in England/Wales under the registration number 09989064, with a registered address at SS15 4DB, England, Basildon, Essex, Old Granary, Dunton Road.

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