Proplug Limited

Proplug Limited, based in Hartlepool, UK, is a small, active company established 24 years ago in 2001. With four employees and £983,374 in assets, it operates from a real address and is overseen by six directors and three owners. The business regularly imports optical and medical tools and devices, with 29 months of import activity recorded, and exports machinery, boilers, and mechanical appliances, boasting 17 months of export activity. It’s a private limited company, and the accounts are unaudited.

The company’s website, Propipe Ltd, reveals a more specialized operation. It's a technology company leading the design and development of pipeline pig, pipeline plug, and tracking technologies. The company has over 20 years of experience, with a showroom in Harrods, London. It offers custom designs and even has a self-play system integration.

Financially, Proplug Limited’s recent performance shows some concerning trends. Cash bank on hand dropped significantly by 30% to £780,000, and current assets decreased by 31% to £980,000. Trade debtors fell by 34%, which could indicate better collection efforts, but other creditors increased by 61% to £600,000—a potential sign of increased borrowing. The company’s net assets increased by 23% to £200,000, which is a positive, but the significant rise in other creditors warrants closer attention. The company’s size (meeting two of three criteria for a small company) allows it to remain flexible, but the drop in cash reserves suggests it might be burning through money. The company’s auditor is Bell Anderson Limited. Overall, Proplug Limited appears to be facing some financial pressures, despite its established presence and specialized expertise.

Registered in England/Wales under the registration number 04167818, with a registered address at TS25 5TE, Hartlepool, Cleveland, Unit 2 Queens Meadow Business Park.

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