Proto (gb) Ltd

Proto (gb) Ltd, based in Newcastle Upon Tyne, UK, is a small, active holding company established fifteen years ago. With eight employees and £1,385,703 in assets, the company operates from a real address and is overseen by two directors and four owners. It’s a regular importer of clothing and accessories (excluding knitted or crocheted items), with 77 months of import activity recorded, the last in December 2024. The company also engages in irregular export of footwear and related items, with just two months of export activity, the last in August 2022.

While the company's website isn't available, its business appears to focus on retail sale of leather goods in specialised stores. It’s likely a small-scale operation, meeting two of the three criteria for being classified as small (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees).

A review of the company’s financial data reveals some concerning trends. Accumulated depreciation impairment property plant equipment increased by 19%, while average number of employees decreased by a significant 38% to just five. Cash bank on hand fell by 10%, and trade debtors increased substantially, suggesting potential issues with customer payments. On the positive side, creditors decreased by 23%, indicating improved debt management. The company’s net current assets liabilities increased by 1.2%, which is a good sign.

The company’s deferred tax policy is to recognise all timing differences. It operates a defined contribution pension scheme. The financial statements are prepared in accordance with Financial Reporting Standard 102. The company is entitled to exemption from audit under Section 547 of the Companies Act 2006.

Overall, Proto (gb) Ltd seems to be facing some financial headwinds, with declining cash reserves and rising trade debtors. However, the reduction in creditors suggests some efforts to manage debt. The company’s small size and holding company structure may offer some flexibility, but the long-term sustainability of the business remains to be seen.

Registered in England/Wales under the registration number 06985016, with a registered address at NE4 5QT, Newcastle Upon Tyne, 300 Westgate Road.

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