Prototype Projects Limited

Prototype Projects Ltd, based in Hertfordshire, UK, is a small, family-owned business with an active status, celebrating 25 years in operation. Employing 30 people and boasting assets of £1,445,677, the company is a regular importer of machinery, boilers, and mechanical appliances (parts, imported for four months) and a regular exporter of glass and glassware (exported for eleven months). It operates from a real address and is overseen by three directors and three owners.

The company's website reveals a diverse range of services centered around rapid prototyping and low-volume manufacturing. It’s not a straightforward e-commerce site; instead, it acts as a hub showcasing expertise in 3D printing (SLS, SLA, Micro, Polyjet, DLP), CNC machining (turning, milling), vacuum casting, model making, and additive manufacturing. The site caters to engineers and product developers, emphasizing fast turnaround times, high-quality prototypes, and a comprehensive suite of in-house capabilities. They even offer services like vapour honing and inspection.

Financially, Prototype Projects Ltd shows a mixed picture. Cash reserves increased significantly by 65% to £900,000, which is a positive sign, but net assets remained relatively stable. Trade debtors decreased by 17%, which is good for cashflow, but fixed assets declined by 15%, likely due to investments in new equipment. Creditors increased, which is not unexpected given the company’s growth, and bank borrowings remained low. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned suggests the company is exempt from an audit.

The company’s investments in new technologies and its focus on providing a comprehensive range of prototyping services suggest a commitment to staying at the forefront of the industry. While the financial figures indicate some challenges, the company’s strong reputation and diverse capabilities position it well for continued success. It's likely that the company’s growth has led to increased operational costs, which is a common trend for growing businesses.

Registered in England/Wales under the registration number 03926132, with a registered address at SG8 5HN, Hertfordshire, Unit 1 Greenfield, Royston.

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