Propak Sheet Metal Limited

Propak Sheet Metal Limited, based in Stevenage, UK, is a large, holding company with an active status, celebrating 47 years in business. Employing 96 people and boasting assets of £5,980,757, the company generates an impressive £11,829,551 in yearly revenue. With a real address and overseen by five directors and a single owner, it maintains a stellar 5.0 Google rating from six reviews. The company is a regular exporter, specializing in machinery, boilers, and mechanical appliances, with seven months of export activity recorded.

The company’s website highlights its expertise in fine limit sheet metal fabrication, offering a comprehensive range of services from prototype design to advanced manufacturing and surface finishing. It caters to diverse industries, including aerospace, rail, and medical, emphasizing quality, short lead times, and scalable production. The site also showcases a commitment to quality assurance, with accreditations like AS9100 and ISO9001.

Financially, Propak Sheet Metal Limited presents a mixed picture. While turnover remained stable at £12 million, net assets declined by 36% to £4.2 million—a significant drop. Cash reserves plummeted 60% to £2.1 million, and bank borrowings increased by 13%, reaching £29,000. Trade debtors grew by 21%, suggesting potential challenges in collecting payments, while creditors decreased by 27%, indicating better management of short-term liabilities. The company’s small decrease in the number of employees (93 reported) could be a result of streamlining operations. The accounts are audited by Menzies LLP, providing a degree of external validation.

The decline in net assets, despite stable turnover, suggests that the company may be reinvesting heavily in its business or facing increased costs. The growth in trade debtors warrants close monitoring, but the decrease in creditors is a positive sign. Overall, Propak Sheet Metal Limited appears to be a well-established player in its niche, but the financial data indicates some turbulence—perhaps a consequence of ongoing investment and economic pressures.

Registered in England/Wales under the registration number 01328169, with a registered address at SG1 2BH, Stevenage, Hertfordshire, Unit 1 Gunnels Wood Park, Gunnels Wood Road.

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