Proweld Uk Limited
- Liquidation
- Small
- 34 years
- 4 employees
- £396,679 (cur assets)
- 1m-15m
- Regular importer
- Virtual address
- 1 director
- 1 owner
- Solo founder
- Newton Abbot
Two conditions of three:
1.Turnover < £10.2 million
2.Balance sheet total < £5.1 million
3.Average number of employees < 50
Field of Operation
Website
Summary
Proweld UK Limited, based in Plymouth, UK, is a small, active company established 33 years ago. With four employees and £396,679 in assets, it’s a solo-founded operation overseen by a single director and owner. The company regularly imports electrical machinery and equipment, with 22 months of import activity recorded.
Proweld UK Limited operates as a welding supplies distributor, serving the Merseyside and North West England welding community for over three decades. Its website highlights a wide range of products, including welding machines, gas cylinders, abrasives, and accessories, catering to both hobbyists and industrial clients. It also offers repair and servicing of welding machinery and power tools, and acts as a distributor for several reputable brands like SWP Redline, Lincoln Electric, and Jasic. The company even supplies welding products for Knowsley Borough Council, demonstrating a commitment to local partnerships.
Financially, Proweld UK Limited shows a mixed picture. While current assets increased by 31% to £400,000, net assets also rose by 33% to £27,000. Bank borrowings decreased significantly by 41%, falling to £21,000, and cash reserves grew by 36% to £16,000. However, trade debtors increased by 52% to £240,000, which could indicate a need for improved credit control. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the increase in debtors warrants attention. The company’s accounts are unaudited, likely due to its status as a small company.
Registered in England/Wales under the registration number 02618352, with a registered address at TQ12 6RY, United Kingdom, Newton Abbot, Devon, Castle Hill Insolvency, 1 Battle Road, Heathfield.
WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.
Owners & PSC
-
Individual
- 9 years
- 2
- 75%+
-
Resident of United Kingdom
Managers
-
Individual
- 34 years
- 3
-
Resident of United Kingdom
Last reports
The latest confirmation statement submitted nine months ago.
Last news
-
Notice to Registrar of Companies of Notice of disclaimerDownload 5 pages pdf report
-
Appointment of a voluntary liquidatorDownload 3 pages pdf report
-
Statement of affairsDownload 10 pages pdf report
Importer profile by HS codes
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Import HS codes in detail
Last imported products
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* Warning: Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.
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