Protec Facilities Management Ltd

Protec Facilities Management Ltd from Glasgow, UK, is a small holding company with an active status, having been founded 22 years ago in 2002. The company employs 249 people and holds assets valued at £3,748,610. It operates from a real address at 217 Maclellan Street, Glasgow, and is led by two directors and one owner. It boasts a perfect 5.0 Google rating based on eight reviews. The company is an irregular importer of vehicles, parts, and accessories (excluding trains and trams), with recent import activity recorded for one month, ending in September 2023.

The company's website highlights its services in security, cleaning, and facilities management, catering to commercial, public sector, and construction clients. It offers services like CCTV installation, alarm response, and even construction site security, emphasizing innovation and customer protection. They also provide office cleaning and grounds maintenance. The website's testimonials speak to efficient service and conscientious staff. Protec FM has achieved ISO 9001 and ISO 14001 certifications, and is a Recognised Service Provider with the Living Wage Foundation.

Financially, Protec Facilities Management Ltd shows a mixed picture. Cash reserves increased significantly by 290%, reaching £1.9 million, while current assets grew by 26% to £3.7 million. However, net assets only increased by 9.5% to £2.1 million. Bank borrowings surged by 2,400%, reaching £29,000, and creditors increased by 56% to £1.9 million. Trade debtors decreased by 27%, which could indicate improved collection efforts. The company’s small size—meeting two of three criteria for a small company—helps it remain flexible. The company is exempt from an audit, and the financial statements are unaudited.

Despite the increase in assets, the rise in borrowings and creditors suggests the company may be burning through cash to fuel growth. The company’s success in securing contracts and maintaining a high Google rating indicates strong operational performance, but careful financial management will be crucial for long-term sustainability.

Registered in Scotland under the registration number SC234974, with a registered address at G41 1RR, Glasgow, Lanarkshire, 217 Maclellan Street.

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