Provic Limited

Provic Ltd from Newcastle Upon Tyne UK is a small, active company founded sixteen years ago. With two employees and £346,614 in assets, it operates from a real address and is overseen by one director and owner. The company is an irregular importer of iron or steel products, with its last import operation occurring one month ago in December 2023.

Provic Ltd’s primary activity appears to be retail sale of electrical household appliances in specialised stores. Its website, UK Office Direct, showcases a wide range of office supplies, including ink, toner, paper, furniture, and cleaning products. The site emphasizes low prices, free next-day delivery, and a rewards program—a clear strategy to attract and retain business customers. It even has a section dedicated to customer feedback, demonstrating a commitment to service. The website is well-designed and easy to navigate, with a focus on online sales and a robust search function.

Financially, Provic Ltd’s recent performance presents a mixed picture. While current assets have increased by 55% to £350,000, net assets have decreased by 3.7% to £100,000. Cash bank on hand has seen a significant drop of 83%, falling to £16,000. Bank borrowings have surged by 42%, reaching £310,000, and creditors have increased by 180%, reaching £47,000. The company’s average number of employees has decreased by 50%, now standing at just one. These figures suggest a period of investment or expansion, but also potential cash flow pressures. The company’s small size—meeting two of three criteria for a small company—helps it remain agile, but the decline in cash reserves warrants close attention. The company is exempt from an audit, so the financial data is unaudited.

Registered in England/Wales under the registration number 06837593, with a registered address at NE27 0HB, Newcastle Upon Tyne, 7 St. Johns Court, Backworth.

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