Protectaseal Limited

Protectaseal Ltd, based in Tiverton, UK, is a small, active company established 31 years ago. With 11 employees and £406,710 in assets, it’s a long-standing player in its sector. The company operates with four directors but has no officially registered owners – a common arrangement for smaller businesses. It’s a regular importer of paper and paperboard products, with eight months of import activity recorded, and a prolific exporter of plastics and plastic products, boasting 142 months of export history.

The company’s website highlights its specialization in tamper-evident seals and labels for increased security, catering to industries like aerospace, healthcare, finance, and pharmaceuticals. It’s clear Protectaseal focuses on B2B sales, offering bespoke security solutions rather than direct consumer products. The website emphasizes innovation, customer service, and continuous improvement, suggesting a commitment to quality and responsiveness.

Financially, Protectaseal Ltd’s report reveals a mixed picture. Current assets decreased by 18% to £410,000, while net assets also dropped by 12% to £190,000. Bank borrowings increased by 2.5% to £10,000, and cash reserves saw a significant jump of 440% to £1,900 – a positive sign. Creditors decreased by 22%, suggesting improved debt management. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 11 employees. The lack of an auditor mentioned is likely due to its small size and exemption from an audit.

Overall, Protectaseal Ltd appears to be navigating a period of change. While asset values have decreased, the substantial increase in cash reserves is encouraging. The company’s long-standing presence and focus on specialized security products suggest a resilient business model, although the lack of owner information does raise a slight question mark.

Registered in England/Wales under the registration number 02909608, with a registered address at EX16 4NG, England, Tiverton, Unit 14 Hartnoll Business Centre, Post Hill.

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