PROLEC LIMITED Credit Check Report

Company Overview

Prolec Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Friday 24 December 1982, so this is a well established company. Prolec Limited has been in business for 43 years and 3 months. The accounts status is small and the accounts are next due on Wednesday 30 September 2026.

Registered Address

25 Benson Road, Nuffield Industrial Estate, Poole, BH17 0GB

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Companies House Data

Company Name	PROLEC LIMITED
Company Number	01689109
Registered Office Address	25 Benson Road
	Nuffield Industrial Estate
	BH17 0GB
Company Category	Private Limited Company
Company Status	Active
Country of Origin	United Kingdom
Incorporation Date	24/12/1982
Accounting Reference Date Day	31
Accounting Reference Date Month	12
Accounts Next Due Date	30/09/2026
Accounts Last Made Up Date	31/12/2024
Accounts Account Category	SMALL
Returns Next Due Date	02/05/2017
Returns Last Made Up Date	04/04/2016

Directors & Members

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	Nigel Adams - Director (British, 63 years old, born September 1963) Appointed 01 January 2004, Resigned 18 December 2009	Resigned
	Anthony Adams - Director (British, 63 years old, born August 1963) Appointed 10 May 2010, Resigned 08 May 2015	Resigned
	Alistair Brydon - Director (British, 53 years old, born October 1973) Appointed 16 December 2022, Resigned 22 March 2024	Resigned
	Christopher Caws - Director (British, 79 years old, born February 1947) Appointed 28 March 2003, Resigned 30 September 2009	Resigned
	Christopher Caws - Director (British, 79 years old, born February 1947) Appointed 12 October 2009, Resigned 11 October 2010	Resigned
	Gary Escott - Director (British, 58 years old, born May 1968) Appointed 24 June 2005, Resigned 30 December 2009	Resigned
	Simon Everett - Director (British, 49 years old, born September 1977) Appointed 03 January 2017, Resigned 28 August 2019	Resigned
	Susan Every - Director (Canadian, 79 years old, born January 1947)	Resigned
	Douglas Every - Director (British, 81 years old, born December 1945)	Resigned
	Nicholas Ground - Director (British, 67 years old, born January 1959)	Resigned
	Simon Harris - Director (British, 65 years old, born March 1961) Appointed 21 June 2011, Resigned 13 February 2012	Resigned
	Terry Hawthorn - Director (British, 83 years old, born January 1943) Appointed 15 November 1996, Resigned 28 March 2003	Resigned
	Nicholas Henry - Director (British, 65 years old, born April 1961) Appointed 01 December 2014, Resigned 01 October 2019	Resigned
	Sean Huff - Director (American, 54 years old, born September 1972) Appointed 28 August 2019, Resigned 16 December 2022	Resigned
	Gareth Jones - Director (British, 49 years old, born February 1977) Appointed 06 May 2009, Resigned 19 April 2011	Resigned
	Stuart Kilpatrick - Director (British, 64 years old, born October 1962) Appointed 01 December 2014, Resigned 29 April 2021	Resigned
	Karen Lucas - Director (British, 58 years old, born November 1968) Appointed 28 March 2003, Resigned 30 September 2011	Resigned
	David Menon - Director (British, 62 years old, born September 1964) Appointed 01 July 2014, Resigned 13 January 2017	Resigned
	Eoghan O'lionaird - Director (Irish, 60 years old, born September 1966) Appointed 01 October 2019, Resigned 31 October 2022	Resigned
	Paul Read - Director (British, 70 years old, born November 1956) Appointed 16 May 2013, Resigned 31 December 2018	Resigned
	Nigel Shaw - Director (British, 51 years old, born May 1975) Appointed 16 December 2022	Active
	Peter Speirs - Director (British, 47 years old, born December 1979) Appointed 31 October 2022, Resigned 16 December 2022	Resigned
	Robert Stopford - Director (British, 57 years old, born November 1969) Appointed 16 December 2022, Resigned 16 December 2022	Resigned
	David Tappin - Director (British, 90 years old, born September 1936)	Resigned
	Dorothy Tappin - Director (British, 90 years old, born June 1936)	Resigned
	Christopher Trent - Director (British, 55 years old, born September 1971) Appointed 01 January 2004, Resigned 30 April 2013	Resigned
	Gary Tuffy - Director (Australian, 65 years old, born July 1961) Appointed 01 October 2010, Resigned 14 October 2016	Resigned

Secretaries

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	Mike Cartwright - Secretary Appointed 16 December 2022	Active
	Susan Every - Secretary (Canadian) Appointed 15 November 1996, Resigned 28 March 2003	Resigned
	Michael Hoggan - Secretary Appointed 26 April 2016, Resigned 03 July 2017	Resigned
	Karen Lucas - Secretary (British) Appointed 28 March 2003, Resigned 16 October 2006	Resigned
	James Marsh - Secretary Appointed 03 July 2017, Resigned 01 September 2022	Resigned
	Peter Speirs - Secretary Appointed 01 September 2022, Resigned 16 December 2022	Resigned
	Dorothy Tappin - Secretary (British)	Resigned
	Justin Tyler - Secretary (British) Appointed 16 October 2006, Resigned 31 August 2010	Resigned

Other Company Directorships

Nigel Shaw
No companies found

Balance Sheet

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Accounts Date	31-Dec-2024	31-Dec-2015	31-Dec-2014
Balance Sheet
Fixed Assets	1,198,114	1,198,114	969,388
Current Assets	1,721,574	1,721,574	1,319,551
Creditors Due Within One Year	1,160,760	1,160,760	1,177,910
Working Cap	560,814	560,814	141,641
Total Assets Less Current Liabilities	1,758,928	1,758,928	1,111,029
Long-term Liabilities	1,453,666	1,453,666	805,947
Net Assets	305,262	305,262	305,082
Share Capital & Reserves
Share Cap	101,475	101,475	101,475
Profit & Loss Reserves	203,787	203,787	203,607
Other Reserves	0	0	0
Shareholders Funds	305,262	305,262	305,082

Common Size Financial Analysis

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Accounts Date	31-Dec-2024	31-Dec-2015	31-Dec-2014
Tangible Fixed Assets	-	-	-
Fixed Assets	41.0%	41.0%	42.4%
Stocks Inventory	30.7%	30.7%	31.5%
Debtors	21.4%	21.4%	21.0%
Cash Bank In Hand	0.0%	0.0%	0.0%
Current Assets	59.0%	59.0%	57.6%
Creditors Due Within One Year	39.8%	39.8%	51.5%
Net Current Assets Liabilities	19.2%	19.2%	6.2%
Creditors Due After One Year	49.8%	49.8%	35.2%
Accruals Deferred Income	-	-	-
Provisions For Liabilities Charges	-	-	-
Net Assets Liabilities Including Pension Asset Liability	10.5%	10.5%	13.3%
Called Up Share Capital	3.5%	3.5%	4.4%
Share Capital Allotted Called Up Paid	3.5%	3.5%	4.4%
Profit Loss Account Reserve	7.0%	7.0%	8.9%
Shareholder Funds	10.5%	10.5%	13.3%
Capital Employed	-	-	-
Total Assets Less Current Liabilities	60.2%	60.2%	48.5%

Financial Ratio Analysis

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Accounts Date	31-Dec-2024	31-Dec-2015	31-Dec-2014
Liquidity Ratio	1.5	1.5	1.1
Solvency Ratio	1.1	1.1	1.2
Reserves to Assets	0.1	0.1	0.1

Secured Creditors

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Mortgages Charges	7
Mortgages Outstanding	0
Mortgages Part Satisfied	0
Mortgages Satisfied	7

Assets and Debt Analysis

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Accounts Date	31-Dec-2024	31-Dec-2015	31-Dec-2014
Assets	2,919,688	2,919,688	2,288,939
Debt	2,614,426	2,614,426	1,983,857
Net Assets/Debt	305,262	305,262	305,082

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The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.

The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. For the size of the company inferred by the balance sheet this level of net assets suggests total debts and obligations were moderately well covered.

Unlock full report The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. For the size of the company inferred by the balance sheet this level of net assets suggests total debts and obligations were moderately well covered. The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. For the size of the company inferred by the balance sheet this level of net assets suggests total debts and obligations were moderately well covered.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information

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Exact Court Judgements

Period of Months	Last 12m	13-24m	25-36m	37-48m	49-60m	61-72m
Number of Exact CCJS	X	Y	Y	X	X	Y
Value of Exact CCJS	YXY	YK	S	S	X	KX

Supplier Credit Limits

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Date	Sector	Notified	Amount	Terms
XK-SXY	XKXYXK	SXSKXYXK	£X,000	XS XYSKS
SK-SYY	SKXYXKYKKY	KSXX KKXXYXS	£YY,000	YS XYSKS SK YXXSXS
YK-SXY	XKXYXYYK	SXSXYXK	£SX,000	XS XYSKS

Payment Records

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Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices	Paid Before 30 days due	Paid After 30 days due	Owing Before 30 days due	Owing after 30 days due
XYX	SX	K	YX	X

Company Valuation Analysis

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Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations		Valuation Measures
Estimated High Value	£XSI,000	Retained Profit	£YX,000
Estimated Mid Value	£YY,000	EBIT	£SY,000
Estimated Low Value	£X,000	EBITDA	£SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations		Valuation Measures
Estimated High Value	£XY,000	Total Assets	£XIX,000
Estimated Mid Value	£Y,000	Net Assets	£YX,000
Estimated Low Value	£S,000	Tangible Equity	£SX,000
The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.

Credit Status Checklist

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Business Growth	Please purchase a report to see true comments
EBITDA	Purchase a report to see true comments
Dividends	Please purchase a report to see true comments about this company
Retained Profits	Retained Profits for this company
Debt Interest	Debt Interest for this company
Cash Flow	Cash Flow for this company
CCJs	CCJs for this company
Age of Company	Age of Company for this company
Solvency	Solvency for this company
Secured Creditors	Secured Creditors for this company
Ownership	Ownership for this company

First Report Score: (0-10)

Financial Status Guide:

10			Very Strong
9			Strong
8			Very Good
7			Good
6			Above Average
5			Average
4			Below Average
3			Poor
2			Weak
1			Very Weak
0			Critical

Risk Score Trend

Risk Rating

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This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100)	X
Risk Band Description	XXMXMXMX SISX
Risk Assessment	Meeting of Creditors
Credit Rating	XSKX

Altman Z Score Credit Risk Rating

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There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score	X
Risk Band	XY
Risk Band Description	The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1	Low Risk	3.00 and above
2	Caution	2.63 - 2.99
3	Risk of Failure within 2 years	1.24 - 2.62
4	High Probability Failure	Below 1.24

Other Business around BH17 0GB

	CANFORD HILL ENGINEERING LIMITED 30 BENSON ROAD, NUFFIELD INDUSTRIAL ESTATE, POOLE, DORSET, BH17 0GB
	WESSEX PRINT AND SIGNAGE LIMITED Milsted Langdon Llp, Freshford House, Redcliffe Way, Bristol, BH17 0GB
	LIVING TECHNOLOGY LIMITED 23 Benson Road, Nuffield Industrial Estate, Poole, Dorset, BH17 0GB
	AMERC CARS LIMITED 99 Leigh Road, Eastleigh, Hampshire, BH17 0GB
	LIVING AT HOME LIMITED Unit 23 Benson Road, Nuffield Industrial Estate, Poole, Dorset, BH17 0GB
	PRO-OLOGY SERVICES LIMITED 23 Benson Road, Nuffield Industrial Estate, Poole, Dorset, BH17 0GB
	SPECIALIST REPAIR SERVICE LIMITED 28 Benson Road, Nuffield Industrial Estate, Poole, Dorset, BH17 0GB
	AUDIO VISUAL CONNECTIONS LTD OFFICE 7, 35-37 LUDGATE HILL, LONDON, BH17 0GB
	SAMWELL TOOLING LIMITED 29 BENSON ROAD, NUFFIELD INDUSTRIAL ESTATE, POOLE, BH17 0GB
	COX CNC PRECISION ENGINEERING LTD. Unit 3 Benson Road, Nuffield Industrial Estate, Poole, Dorset, BH17 0GB

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