Profast Group Limited, BT12 6GF

Description

Data updated on: 01-11-2023

This particular Profast Group Limited business has been in this business for at least 29 years, as it's been founded in 1995. Registered under the number NI029743, Profast Group is a Private Limited Company with office in 26-30 Rydalmere Street, Belfast BT12 6GF. The company's SIC code is 46740 and their NACE code stands for Wholesale of hardware, plumbing and heating equipment and supplies. Profast Group Ltd released its latest accounts for the financial period up to 31st December 2022. The most recent annual confirmation statement was released on 30th June 2023.

Considering the following firm's constant expansion, it was unavoidable to appoint more company leaders: Stewart T., Philip G. and Brendan F. who have been collaborating for twelve years to fulfil their statutory duties for the firm. To support the directors in their duties, this specific firm has been utilizing the skillset of Joanne M. as a secretary since 2019.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31
Currency

Balance Sheet
Cash Bank On Hand	1 035	1 180	71 589	73 207	70 518
Current Assets	364 782	533 808	431 906	565 157	587 353
Debtors	363 747	532 628	360 317	491 950	516 835
Net Assets Liabilities	235 241	232 676	218 098	476 623	693 622
Other Debtors	162 002	169 068	168 179	169 147	171 787
Property Plant Equipment	54 241	62 571	81 411	82 514	141 348
Total Inventories			2 449 805	3 953 423

Other Financial Data
Accrued Liabilities Deferred Income	61 898	38 567	501 108	700 543	593 944
Accumulated Depreciation Impairment Property Plant Equipment	191 521	195 167	202 088	213 688	227 492
Additions Other Than Through Business Combinations Property Plant Equipment		11 976	25 761	12 703	74 473
Administrative Expenses			3 170 798	3 720 555	4 361 108
Amounts Owed To Group Undertakings	1 074 102	1 192 584	989 957	792 049	585 461
Average Number Employees During Period	3	5	5	5	11
Bank Borrowings			1 000 000		38 889
Bank Borrowings Overdrafts	99 023	87 570	432 013	146 699	102 439
Bank Overdrafts		87 570	79 644	65 469	22 514
Bills Exchange Payable			409 127	558 172	576 006
Carrying Amount Under Cost Model Revalued Assets Property Plant Equipment			47 430	30 680	40 853
Cash Cash Equivalents	-97 988	-86 390	-8 055	411 283	518 079
Cash Cash Equivalents Cash Flow Value			-8 055	7 738	48 004
Cash Flows From Disposal Or Reduction In Control Over Subsidiaries Or Other Businesses				-8 493
Comprehensive Income Expense			466 076	896 578	848 538
Corporation Tax Payable			32 096	3 644	1 731
Corporation Tax Recoverable				30 168
Cost Sales			9 461 359	12 204 649	14 869 090
Creditors	1 428 396	1 605 752	1 533 138	1 395 686	1 217 620
Current Tax For Period			32 096	185 074	104 442
Deferred Income			44 306	42 086	39 886
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences			15 273	14 593	15 991
Distribution Costs			221 158	242 686	377 613
Dividend Declared Payable	63 832	69 759	75 686	81 613	81 613
Dividends Paid Classified As Financing Activities	-9 010	-9 010	-9 010	-9 010
Dividends Paid To Owners Parent Classified As Financing Activities				-3 083
Dividends Received Classified As Investing Activities				-242 750	-221 250
Finance Lease Liabilities Present Value Total			26 859	16 406	22 533
Finance Lease Payments Owing Minimum Gross			13 687	10 453	18 234
Finished Goods Goods For Resale			2 449 805	3 953 423	4 280 803
Fixed Assets	1 306 634	1 314 964	1 333 804	1 326 414	1 385 248
Foreign Exchange Differences Increase Decrease In Depreciation Impairment Property Plant Equipment				513	410
Further Item Tax Increase Decrease Component Adjusting Items			-41 282	-8 023	-261
Gain Loss Due To Foreign Exchange Differences Before Tax In Other Comprehensive Income			64 359	-85 751	85 126
Gain Loss On Disposals Property Plant Equipment			7 033
Government Grant Income			275 728	23 126
Gross Profit Loss			3 610 219	5 180 727
Income Taxes Paid Refund Classified As Operating Activities			9 153	-62 264	-3 644
Increase Decrease From Foreign Exchange Differences Property Plant Equipment				2 710	1 232
Increase Decrease In Cash Cash Equivalents From Foreign Exchange Differences				-21 088	11 978
Increase Decrease In Current Tax Due To Changes In Accounting Policies Errors			-380
Increase Decrease In Current Tax From Adjustment For Prior Periods			-380		-216
Increase From Depreciation Charge For Year Property Plant Equipment		3 646	6 921	11 600	15 409
Interest Expense On Bank Overdrafts Bank Loans Similar Borrowings			3 054	13 763
Interest Expense On Convertible Borrowings			2 233	1 903	3 650
Interest Expense On Debt Securities In Issue Other Similar Loans			38 390	41 176	69 057
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts			1 608	1 774
Interest Paid Classified As Operating Activities			-2 372	-2 322	757
Interest Payable Similar Charges Finance Costs	6 806	7 134	4 357	4 187	6 451
Investments Fixed Assets	1 252 393	1 252 393	1 252 393	1 243 900	1 243 900
Investments In Subsidiaries	1 252 393	1 252 393	1 252 393	1 243 900	1 243 900
Issue Equity Instruments				33 390
Loans From Other Related Parties Other Than Directors		88 500	177 000	177 000	133 750
Net Cash Generated From Operations			-21 051	242 239	99 263
Net Current Assets Liabilities	-1 063 614	-1 071 944	-1 101 232	-830 529
Net Finance Income Costs				242 750	221 250
Operating Profit Loss			493 991	1 240 612
Other Creditors	125 154	128 772	140 982	132 644	1 622 125
Other Disposals Decrease In Depreciation Impairment Property Plant Equipment				1 467	1 605
Other Disposals Property Plant Equipment				1 467	1 835
Other Remaining Borrowings		88 500	177 000	177 000	133 750
Pension Other Post-employment Benefit Costs Other Pension Costs	7 451	55 258	57 962	67 468	130 461
Percentage Class Share Held In Subsidiary		100	100	100
Prepayments Accrued Income	8 415	12 935	111 294	214 452	4 305
Proceeds From Borrowings Classified As Financing Activities		-88 500	-88 500
Proceeds From Sales Other Long-term Assets Classified As Investing Activities				8 493
Profit Loss	6 319	6 445	-5 568	234 145	216 999
Profit Loss On Ordinary Activities Before Tax			448 706	1 181 996
Property Plant Equipment Gross Cost	245 762	257 738	283 499	296 202	368 840
Provisions For Liabilities Balance Sheet Subtotal	7 779	10 344	14 474	19 262
Purchase Property Plant Equipment	-12 204	-11 976	-25 761	-12 703	-74 473
Social Security Costs	12 344	32 300	30 046	47 445
Staff Costs Employee Benefits Expense	152 799	453 787	438 692	647 364	874 872
Taxation Including Deferred Taxation Balance Sheet Subtotal			29 579	19 262	33 528
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss			5 243	8 208	10 771
Tax Increase Decrease From Effect Foreign Tax Rates			-16 689	-34 236	-38 815
Tax Increase Decrease From Other Short-term Timing Differences			14 843
Tax Tax Credit On Profit Or Loss On Ordinary Activities	1 482	2 565	4 130	8 432	14 266
Total Assets Less Current Liabilities	243 020	243 020	232 572	495 885
Total Borrowings			1 018 140	881 871	812 195
Total Current Tax Expense Credit			31 716	185 074	104 226
Trade Creditors Trade Payables	4 387		19 022	1 465 051	1 850 810
Trade Debtors Trade Receivables			2 472 210	2 930 298	3 532 337
Turnover Revenue			13 071 578	17 385 376
Wages Salaries	133 004	366 229	350 684	532 451	669 747