Prosafe Products Ltd

Prosafe Products Ltd, based in Newtownabbey, Northern Ireland, is a small, family-run business with an active status, celebrating 25 years in operation. With fifteen employees and £1,025,836 in assets, the company operates from a real address and is managed by four directors and two owners. It runs an e-commerce site and is a regular exporter of paper and paperboard products, with five months of export activity recorded, the last in September 2021. It also irregularly imports optical and medical tools and devices, with just one month of import activity recorded as of October 2017.

The company’s website showcases a wide range of personal protective equipment (PPE), workwear, and branded uniforms. It caters to the construction, engineering, and manufacturing sectors, acting as an official distributor for brands like Elka Rainwear, LMA Workwear, and Safety Jogger. Prosafe also offers in-house embroidery and printing services, allowing customers to create custom branded workwear. The site highlights its commitment to quality, competitiveness, and tailored solutions for businesses.

Financially, Prosafe Products Ltd presents a mixed picture. While cash bank on hand increased by a substantial 77% to £3,100, current assets decreased by 11% to £1,000,000. Trade debtors rose by 24% to £660,000, suggesting potential issues with customer payments. Net assets increased by 53% to £180,000, and bank borrowings surged by 48% to £64,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain agile, but the increase in bank borrowings and debtors warrants attention. With no auditor mentioned, the figures rely on unaudited statements.

Overall, Prosafe Products Ltd seems to be holding its own, but the financial data suggests it’s navigating some challenges. The company’s focus on B2B support and strong brand partnerships could help it weather any storms, but careful management of cash flow and customer payments will be crucial for sustained success.

Registered in Northern Ireland under the registration number NI036227, with a registered address at BT36 4PT, Northern Ireland, Newtownabbey, Unit H, 9 Michelin Road.

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