Prs Fabrication Limited

Prs Fabrication Limited, based in Norwich, UK, is a small, active company founded three years ago in 2021. With £615,146 in assets and a real address, it operates with three directors and two owners. The company is an irregular importer, primarily dealing in machinery, boilers, and mechanical appliances – parts, with a single month of import activity recorded in 2022. It operates within the specialised construction activities industries.

The company’s website, while not providing detailed information, suggests a focus on fabrication and potentially related services. It’s not clear if the company operates an e-commerce site, but its presence indicates a business-to-business model, supplying construction-related materials or services.

Financially, Prs Fabrication Limited’s figures present a mixed picture. While current assets increased by 15% to £620,000, net assets decreased by 14% to £340,000. Bank borrowings decreased by 47% to £55,000, and cash reserves dropped significantly by 79% to £21,000. Creditors increased by 100% to £540,000, and trade debtors decreased by 33% to £290,000. 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 agility, but the decline in equity warrants attention. The company’s lack of employees (zero reported) suggests a lean operation, and the absence of an auditor (likely exempt as a small company) means the figures are unaudited.

The company's increased creditors, especially over one year, may indicate a reliance on credit from suppliers. The decrease in trade debtors suggests improved collection of payments, which is a positive sign. The significant drop in cash reserves, however, could be a cause for concern, potentially limiting the company’s ability to invest or weather unexpected expenses. It's possible the company has increased its inventory levels, which would explain the rise in creditors and the decrease in cash.

Registered in England/Wales under the registration number 13561229, with a registered address at NR1 4DY, England, Norwich, Norfolk, The East Wing Holland Court, The Close.

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