Proppg Ltd

Proppg Ltd from Peterborough UK: a small, active company founded five years ago, employs just one person, and holds £15,654 in assets. It’s run by a single director and owner, Stephens Martin Craig, and operates from a real address in Langtoft. The company is an irregular importer of electrical machinery and equipment, with just two months of import activity recorded as of November 2022.

The company’s website, Paramotoring Accessories ProPPG, clearly indicates its primary focus: selling accessories for paramotoring. The site features a shop, gallery, and contact details, and is currently running a “closing down sale” with everything marked down. The site also includes a subscription option and a login area for registered customers. It’s evident that the company operates as an e-commerce business, selling directly to consumers.

Financially, Proppg Ltd presents a mixed picture. Cash reserves have increased by a substantial 140% to £930, a positive sign. However, net assets have also increased by 53% to £3,600. Creditors have decreased by 11% to £12,000, suggesting improved debt management. However, other inventories have decreased by 5.4% to £15,000. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The accounts are described as “filleted” and “unaudited,” meaning they are simplified and haven’t undergone an external audit. No auditor is mentioned, which is common for small companies.

Overall, Proppg Ltd appears to be winding down its operations, as indicated by the closing down sale. While cash reserves are up, the company’s financial health remains uncertain. The lack of an auditor and the reliance on simplified accounts make it difficult to assess its long-term viability.

Registered in England/Wales under the registration number 11974441, with a registered address at PE6 9RR, United Kingdom, Peterborough, Cambridgeshire, 7 The Rides, Langtoft.

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