Protect Gloves Limited

Protect Gloves Limited is a small, active company based in Luton, UK, founded 17 years ago in 2007. With two employees and £4,295 in assets, it operates from a real address and is overseen by one director and owner. The company specializes in retail sales via mail order houses and the internet, focusing on the supply of nitrile gloves to meet global shortages and raise awareness of protection.

The company’s website highlights its commitment to providing nitrile gloves for both medical and general use. It details the different types of gloves available – powder-free disposable and examination gloves – outlining their specifications, materials, sizes, and shelf life. The site also includes contact forms and factory details in Thailand, alongside a section dedicated to customer inquiries. It’s clear that Protect Gloves is positioning itself as a reliable supplier of essential safety equipment, particularly in light of the pandemic.

Financially, Protect Gloves Limited presents a concerning picture. Current assets have dramatically decreased by 80%, falling to just £4,300, while net assets have plummeted 98% to a mere £140. Cash reserves have also suffered a significant drop of 97%, leaving only £680. While trade debtors have increased by 170%, suggesting improved collections, creditors remain stable. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the sharp decline in equity raises questions about its financial health. With no auditor mentioned, the figures are based on unaudited statements.

It seems that Protect Gloves is struggling to maintain its financial footing despite its focus on a vital market. Whether it can turn things around remains to be seen, but for now, the company faces a challenging period.

Registered in England/Wales under the registration number 06304305, with a registered address at LU2 7DX, Luton, 58, Marston Gardens.

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