Promstahl Limited

Promstahl Limited, based in Lutterworth, UK, is a small holding company with an active status, founded five years ago in 2020. Employing 21 people, the company holds £2,667,101 in assets and operates from a real address at Unit 2b Tungsten Park. With three directors and one owner, Promstahl boasts a respectable Google rating of 4.0 based on seven reviews. The company regularly imports iron or steel products, with 75 months of import activity recorded.

Promstahl’s business revolves around supplying and installing loading dock equipment. Its website highlights a focus on dock levellers, sectional doors, dock shelters, and roller shutter doors, offering services like project management, installation, and servicing. The company emphasizes European-built quality and trusted reliability, catering to businesses across the UK. Founded by Tom Langley and Paul Harrison in 2020, the company has grown to include Shaun Westgate, who bridges the gap with the Polish factory. They even won an award for being the most trusted loading bay equipment manufacturing company director.

However, the financial picture reveals some concerning trends. While current assets increased by 74% to £2,700,000, net assets actually decreased by 35% to -£610,000. Bank borrowings surged by 2,400%, reaching £29,000, and cash reserves fell 73% to £57,000. Creditors also increased significantly by 94%, hitting £610,000. The number of employees has also decreased by 14%, from 21 to 18. Despite meeting two of three criteria for a small company (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), the decline in equity and increased debt suggest financial pressures. No auditor is mentioned, likely due to the small company status, meaning the figures are unaudited.

Overall, Promstahl Limited appears to be navigating a challenging period, balancing growth with financial strain. The company’s focus on quality and service, however, gives it a solid foundation for the future.

Registered in England/Wales under the registration number 12498642, with a registered address at LE17 4JA, England, Lutterworth, Unit 2b Tungsten Park, Bilton Way.

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