Proquip Direct Limited

Proquip Direct Ltd, based in Diss, UK, is a small, active company established 27 years ago. With just two employees and £41,661 in assets, it operates from a virtual address – a point to note as 32 companies are registered at the same location. The company is run by two directors and one owner, boasting a stellar 5.0 Google rating from four reviews. Proquip Direct is a regular importer, specializing in iron or steel products, with 17 months of import activity recorded, the latest in October 2024.

The company's website highlights its role as a provider of borehole systems, offering a comprehensive range of equipment including pumps, rising mains, power cables, and cleaning solutions. It caters to drillers and contractors, emphasizing cost-effective and reliable systems for various applications, from municipal to agricultural. Notably, the website details involvement in high-profile projects like Battersea Power Station and One Hyde Park, showcasing its capabilities. The site also features a piano restoration business, 1066 Pianos, which is a bit of a surprise and perhaps a side venture.

Financially, Proquip Direct Ltd presents a mixed picture. Accumulated depreciation for computer equipment increased by 85%, while plant machinery remained steady. However, specific advances to directors decreased significantly, and cash bank dropped by a substantial 85% to just £1,200. Creditors increased by 41%, and net assets plummeted by a dramatic 99% to a mere £89. The company’s small size – meeting two of three conditions for being classified as small – helps with agility, but the sharp decline in equity is concerning. The company is exempt from an audit, so the figures are unaudited.

It seems Proquip Direct Ltd is navigating some financial headwinds, despite its strong reputation and involvement in significant projects. The company's focus on borehole systems and its diverse range of products suggest a specialized niche, but the declining equity warrants close monitoring.

Registered in England/Wales under the registration number 03464096, with a registered address at IP22 4GT, England, Diss, Norfolk, 8 Hopper Way.

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