Proweld Welding Supplies Limited

Proweld Welding Supplies Ltd from Doncaster, UK, is a small, family-run business with an active status, celebrating 25 years since its founding in 2000. Employing 17 people, the company holds £725,148 in assets and operates from a real address. With four directors and two owners, it maintains a solid 4.0 Google rating based on 11 reviews. Proweld is an irregular importer, primarily dealing with electrical machinery and equipment, with recent import activity recorded two months ago.

The company’s website, proweldsupplies.co.uk, paints a picture of a comprehensive welding supply store. It’s clearly geared towards e-commerce, offering a wide range of welding equipment and supplies. The site emphasizes quality, competitive pricing, and exceptional customer service. It also provides helpful blog content and detailed product information. Phone sales are available at 01302 728999, and customers can visit the store during business hours.

Financially, Proweld Welding Supplies Ltd shows some concerning trends. Current assets decreased by 18% to £730,000, while net assets increased by 7.3% to £370,000. Bank borrowings decreased by 29%, and cash reserves fell by 29% to £200,000. Creditors decreased by 31%, suggesting better debt management. Trade debtors decreased by 19%, which is good. However, the increase in other debtors by 25% might indicate some outstanding payments. 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 drop in cash reserves is something to keep an eye on. The company is exempt from an audit, so the figures are unaudited.

Overall, Proweld Welding Supplies Ltd appears to be a stable, family-run business, but the financial data suggests it's not burning through money. It's holding steady, but it's important to monitor cash flow and manage outstanding debts to ensure long-term success.

Registered in England/Wales under the registration number 03964062, with a registered address at DN6 7HH, Doncaster, South Yorkshire, James Road, Adwick Le St..

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