Provectus Trading Co Ltd

Provectus Trading Co Ltd, based in Barnstaple, UK, is a small, active company established two years ago. With eleven employees and £389,385 in assets, the firm operates from a real address and is managed by one director and two owners. It's a regular importer and exporter of clothing and accessories made by knitting or crocheting, with thirteen months of both import and export activity recorded.

The company’s website, The Provectus Group, seems to have taken a surprising turn. Originally intended to change the perception of the Forex world, it now features a WordPress blog with a single, dated post from March 2021. The site’s content is minimal, with copyright information and links to social media pages. It’s unclear if this website is still actively maintained or if it reflects a change in the company’s focus.

Financially, Provectus Trading Co Ltd presents a mixed picture. While bank balances remain stable at £47,000, creditors have remained constant at £280,000 and £430,000. Net assets are currently at -£310,000, a significant negative figure. Cash flow is tight, and the company’s reliance on creditors to fund operations is evident. The firm’s small size (meeting two of three conditions for a small company) allows for agility, but the negative equity raises concerns. As a small company, it is exempt from an audit, and the financial statements are unaudited.

The company's trade debtors are at £110,000, which may suggest that customers are taking longer to pay, or that the company has expanded its credit terms. The company's focus on importing and exporting knitted and crocheted goods, combined with the Forex-related website, suggests a potentially complex business model—one that may be undergoing a period of transition.

Registered in England/Wales under the registration number 14201740, with a registered address at EX31 1JY, England, Barnstaple, Devon, Unit 4 Two Rivers Industrial Estate, Braunton Road.

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