Protek Flooring Ltd

Protek Flooring Ltd, based in London, UK, is a small, active company founded seven years ago in 2018. With five employees and £854,872 in assets, it operates from a virtual address, a detail worth noting as 286 companies are registered at the same location. The business, a family operation with two directors and two owners, runs an e-commerce site specializing in luxury vinyl flooring and related accessories. It has a solid Google rating of 4.0 based on 13 reviews. The company regularly imports miscellaneous metal items, with the latest import recorded six months ago.

Protek Flooring’s website showcases a wide range of click vinyl flooring options, categorized by color, design, room, and collection. It offers various brands like Value, Editions, Excel, and TekCore, catering to different budgets and styles. The site also provides accessories like profile strips and stair nosing, along with technical data sheets and installation guides. A blog section features design inspiration and industry news. The company even has a room visualizer tool, which is a nice touch.

Financially, Protek Flooring Ltd presents a mixed picture. Current assets have decreased by 29% to £850,000, while net losses have increased significantly. Bank borrowings have been reduced by 29%, a positive sign, but cash reserves have fallen by a substantial 67% to £15,000. Trade debtors have plummeted by 93%, which could indicate improved collections or a reduction in credit sales. The company’s small size (meeting two of three criteria for a small company) allows for agility, but the decline in equity is concerning. The unaudited financial statements, with no auditor mentioned, rely on director-reported data. Other creditors have also decreased by 82%, which is good news.

Overall, Protek Flooring Ltd appears to be navigating a period of financial adjustment. While its e-commerce platform and product range seem well-developed, the company will need to address the decline in equity and manage its cash flow effectively to ensure long-term sustainability.

Registered in England/Wales under the registration number 11149341, with a registered address at WC1X 8TA, England, London, C/O Cooper Parry, New Derwent House, 69-73 Theobalds Road.

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