PROMEC ENGINEERING LTD Financials
- Company number
- 06724413CopyCopy
- Registered office
- Unit 1 Severn Link Distribution Centre, Newhouse Farm Industrial Estate, Chepstow NP16 6UN
- Incorporated
- 15/10/2008
Company snapshot
- Status
- Active
- Employees
- 1 (2025)
- Latest financial data
- 2025
- Accounts type
- Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2025.
Net Assets
-80.09%vs 20242024: £811.27K
Total Assets
-20.17%vs 20242024: £3.86M
Cash in Bank
-60.83%vs 20242024: £1.07M
Total Liabilities
-4.22%vs 20242024: £3.05M
Employees
0vs 20242024: 1
In 2025, PROMEC ENGINEERING LTD reported net assets of £161.54K. The same filing shows total assets of £3.08M, cash in bank of £418.71K and total liabilities of £2.92M. Reported headcount was 1 in 2025. Total Assets fell from £3.86M in 2024 to £3.08M in 2025 (-20.17%). Okredo holds filed figures for 2021–2025; the table below lists every reported indicator by year. See every reported indicator by year.
Financial performance
Pick a measure to see how it has moved across the reported years, with the year-on-year change beneath it.
Net Assets
-80.09%from £811.27K in 2024Year-on-year change
Net Assets as filed for 2021–2025. Every figure in this chart is also in the financial history table.
3-year financial trend (2023–2025)
How the figures PROMEC ENGINEERING LTD filed moved across the three reported years 2023, 2024 and 2025 — measured end to end rather than year on year.
Net Assets
-75.6%vs 2023-50.6% a year compound (CAGR)
Cash in Bank
+34.7%vs 2023+16.1% a year compound (CAGR)
Total Assets
+54.5%vs 2023+24.3% a year compound (CAGR)
Total Liabilities
+119%vs 2023+48% a year compound (CAGR)
Employees
-97.6%vs 2023-40Biggest increase
Total Liabilities+119%
£1.33M in 2023 to £2.92M in 2025
Biggest decrease
Employees-97.6%
41 in 2023 to 1 in 2025
PROMEC ENGINEERING LTD's filings pull in both directions between 2023 and 2025. The steepest rise came in total liabilities, pointing to heavier outstanding obligations, set against a fall in employee numbers, pointing to a smaller workforce. See the full year-by-year figures.
Ratios from the filed figures
Calculated from PROMEC ENGINEERING LTD's own reported amounts, each shown against the year it was derived from — nothing here is estimated or industry-averaged.
- Net assets to total assets
- 5.24%2025
- Reported net assets divided by reported total assets, for the latest year both were filed. Shows how much of the asset base is not financed by liabilities.
- Liabilities to total assets
- 94.76%2025
- Total liabilities divided by reported total assets, for the latest year both were available. Shows how much of the asset base is funded by obligations.
- Cash to liabilities
- 14.34%2025
- Reported cash in bank divided by total liabilities for the same year. Shows what share of outstanding obligations the reported cash balance would cover.
- Cash to total assets
- 13.59%2025
- Reported cash in bank divided by reported total assets, for the latest year both were filed.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for PROMEC ENGINEERING LTD by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Net Assets£ | 314.98K | 401.53K | 661.76K | 811.27K | 161.54K |
| Total Assets£ | 1.22M | – | 1.99M | 3.86M | 3.08M |
| Cash in Bank£ | 249.98K | 414.07K | 310.78K | 1.07M | 418.71K |
| Total Liabilities£ | 907.23K | – | 1.33M | 3.05M | 2.92M |
| Employees | 20 | 26 | 41 | 1 | 1 |
PROMEC ENGINEERING LTD financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for PROMEC ENGINEERING LTD covering 2021–2025, across 5 reported indicators. The most recent reported year is 2025.
PROMEC ENGINEERING LTD reported net assets of £161.54K for 2025. That compares with £811.27K in 2024, a change of -80.09%.
PROMEC ENGINEERING LTD reported total assets of £3.08M for 2025. That compares with £3.86M in 2024, a change of -20.17%.
PROMEC ENGINEERING LTD reported cash in bank of £418.71K for 2025. That compares with £1.07M in 2024, a change of -60.83%.
PROMEC ENGINEERING LTD reported 1 employee in 2025, compared with 1 in 2024.
Between 2023 and 2025, PROMEC ENGINEERING LTD's net assets fell by 75.6%, cash in bank rose by 34.7%, total assets rose by 54.5% and total liabilities rose by 119%. Net assets contracted at 50.6% a year across the two years to 2025, from £661.76K to £161.54K. Reported headcount went from 41 in 2023 to 1 in 2025 (-40).
Okredo holds reported figures for the years 2021, 2022, 2023, 2024, 2025. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.