Protean Engineering Limited

Protean Engineering Ltd, based in Plymouth, UK, is a small, active company established 29 years ago in 1995. With five employees and £148,304 in assets, it operates from a virtual address shared by 47 other companies, a fact that raises some questions. The company is managed by three directors and has one owner, Moss Haydon James. It’s an irregular importer, primarily bringing in electrical machinery and equipment, with its last import operation occurring in October 2023.

The company’s website reveals a fascinating history as an independent defence contractor specializing in communication system installation and design solutions for the UK MoD and industry. Protean Engineering has years of experience managing engineering projects from conception to completion. Services include project management, fault finding, installation, manufacture, design, video distribution, CCTV, network systems, GPS systems, radio communications, and internal communications. The website also showcases a photo gallery and contact information, including opening hours and a contact form.

Financially, Protean Engineering Ltd presents a mixed picture. Cash bank on hand increased significantly by 38%, reaching £110,000, which is a positive sign. However, accrued liabilities deferred income remained steady at £1,100. Corporation tax payable jumped dramatically by 170%, reaching £40,000, and debtors increased by a staggering 830%, reaching £41,000—a potentially worrying trend. Despite this, creditors decreased by 36%, suggesting better debt management. The company’s small size—meeting two of three criteria for a small company—helps it stay flexible, but the sharp increase in tax payable and debtors warrants closer attention. No auditor is mentioned, likely due to its status as a small company.

Registered in England/Wales under the registration number 03072727, with a registered address at PL1 3JY, England, Plymouth, 33 Mary Seacole Road.

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