Propress Limited

Propress Ltd from Brentwood UK: a small, active company founded 45 years ago, employs eight people, and holds £1,074,075 in assets. Operating from a virtual address, it's managed by one director and one owner. The company regularly imports machinery, boilers, and mechanical appliances, parts (for eight months), and exports the same items (for eighty-four months).

Propress Digital, based in Birmingham, is the core of the business. Their website showcases a focus on high-volume digital colour printers, offering services like printer servicing, repair, and parts. They don't sell photocopiers, instead specializing in supporting commercial digital printers with manufacturer-trained engineers and a focus on minimizing downtime. The company’s website highlights their expertise in image controller covers and repair, and they operate under the VAT registration number 268321790.

Financially, Propress Ltd shows a mixed picture. While current assets increased by 5.4% to £1,100,000, net assets declined by 19% to £860,000. Bank borrowings decreased by 19% to £100,000, and cash reserves rose by 24% to £280,000. Creditors decreased by 12%, which is a positive sign. The company’s small size (meeting two of three conditions for being a small company) allows for flexibility, but the equity decline is something to keep an eye on. As a small company, they are exempt from an audit, so the figures are unaudited.

It seems that Propress Ltd is navigating a period of change, with a focus on maintaining its core digital printing services while managing its financial position.

Registered in England/Wales under the registration number 01486877, with a registered address at CM13 1AB, England, Brentwood, Essex, Create Business Hub, Ground Floor 5 Rayleigh Road, Hutton.

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