Prototype Electronics Ltd

Prototype Electronics Ltd, based in Dorchester, UK, is a small, active company founded fourteen years ago. With 72 employees and £5,778,363 in assets, it's a well-established player in the electronics manufacturing sector. The company boasts a 4.0 Google rating from just three reviews, reflecting a solid reputation. It regularly imports electrical machinery and equipment, with 95 months of import activity recorded, and exports optical and medical tools and devices, having exported for 105 months.

The company’s website highlights its expertise as a PCB assembly manufacturer, offering solutions from prototype PCBs to high-volume production. It caters to a wide range of industries, including medical, automotive, aerospace, and engineering. The website emphasizes rapid prototyping services, new product introduction, and a commitment to quality, with in-house IPC trainers ensuring high standards. They even have a second, 7,000 sq ft facility opening to accommodate growth.

Financially, Prototype Electronics Ltd shows a mixed picture. While current assets increased by 19% to £5,800,000, bank borrowings rose by 9.6% to £200,000. Cash reserves, however, took a hit, decreasing by 52% to £68,000. Creditors also increased significantly, rising by 35% to £3,400,000. The company’s average number of employees has increased by 8.3% to 78, suggesting expansion. Depreciation on plant and machinery has also increased substantially, by 31%, which could indicate investment in new equipment. With no auditor mentioned, the financial statements are unaudited.

Overall, Prototype Electronics Ltd appears to be a growing company facing typical challenges associated with expansion. The increase in creditors and the decrease in cash reserves suggest they are managing debt carefully, but could benefit from improved cash flow management. The company’s focus on quality and its broad range of services position it well for continued success, but keeping a close eye on finances will be important.

Registered in England/Wales under the registration number 07429465, with a registered address at DT2 7UA, Dorchester, Dorset, Unit 50b The Enterprise Park, Piddlehinton.

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