Founded in 1995, Profast Group, classified under reg no. NI029743 is an active company. Currently registered at 26-30 Rydalmere Street BT12 6GF, the company has been in the business for 30 years. Its financial year was closed on December 31 and its latest financial statement was filed on Sat, 31st Dec 2022.
At present there are 3 directors in the the firm, namely Stephen C., Jonathan A. and Craig M.. In addition one secretary - Joanne M. - is with the company. At present there are a few former directors listed by the firm. Similarly, the firm lists a few former secretaries. The full list of both former directors and former secretaries might be found in the table below.
| Office Address | 26-30 Rydalmere Street |
| Office Address2 | Belfast |
| Town | |
| Post code | BT12 6GF |
| Country of origin | United Kingdom |
| Registration Number | NI029743 |
| Date of Incorporation | Fri, 30th Jun 1995 |
| Industry | Wholesale of hardware, plumbing and heating equipment and supplies |
| End of financial Year | 31st December |
| Company age | 30 years old |
| Account next due date | Mon, 30th Sep 2024 (285 days after) |
| Account last made up date | Sat, 31st Dec 2022 |
| Next confirmation statement due date | Sun, 14th Jul 2024 (2024-07-14) |
| Last confirmation statement dated | Fri, 30th Jun 2023 |
Position: Director
Appointed: 28 June 2024
Position: Director
Appointed: 28 June 2024
Position: Director
Appointed: 28 June 2024
Position: Secretary
Appointed: 01 July 2019
The register of PSCs that own or control the company includes 2 names. As we established, there is Titan Grp Limited from Belfast, Northern Ireland. The abovementioned PSC is categorised as "a private limited company", has 75,01-100% voting rights and has 75,01-100% shares. The abovementioned PSC has 75,01-100% voting rights and has 75,01-100% shares. Another one in the PSC register is Profast Holdings Ltd that entered Belfast, Northern Ireland as the official address. This PSC has a legal form of "a limited company", owns 75,01-100% shares, has 75,01-100% voting rights and has significiant influence or control over the company. This PSC has significiant influence or control over the company, owns 75,01-100% shares and has 75,01-100% voting rights.
Titan Grp Limited
26-30 Rydalmere Street, Belfast, BT12 6GF, Northern Ireland
| Legal authority | Companies Act 2006 |
| Legal form | Private Limited Company |
| Country registered | United Kingdom |
| Place registered | Companies House - United Kingdom |
| Registration number | Ni715397 |
| Notified on | 28 June 2024 |
| Nature of control: |
75,01-100% shares 75,01-100% voting rights |
Profast Holdings Ltd
26-30 Rydalmere Street Rydalmere Street, Belfast, BT12 6GF, Northern Ireland
| Legal authority | Companies Act 2006 |
| Legal form | Limited Company |
| Country registered | Northern Ireland |
| Place registered | Belfast |
| Registration number | Ni030007 |
| Notified on | 30 June 2016 |
| Ceased on | 28 June 2024 |
| Nature of control: |
75,01-100% shares 75,01-100% voting rights right to appoint and remove directors significiant influence or control |
| Profit & Loss | ||||||
|---|---|---|---|---|---|---|
| Accounts Information Date | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 |
| Balance Sheet | ||||||
| Cash Bank On Hand | 1 035 | 1 180 | 71 589 | 73 207 | 70 518 | 8 298 |
| Current Assets | 364 782 | 533 808 | 431 906 | 565 157 | 587 353 | 494 942 |
| Debtors | 363 747 | 532 628 | 360 317 | 491 950 | 516 835 | 486 644 |
| Net Assets Liabilities | 235 241 | 232 676 | 218 098 | 476 623 | 693 622 | 695 166 |
| Other Debtors | 162 002 | 169 068 | 168 179 | 169 147 | 171 787 | 174 557 |
| Property Plant Equipment | 54 241 | 62 571 | 81 411 | 82 514 | 141 348 | 134 216 |
| Total Inventories | 2 449 805 | 3 953 423 | ||||
| Other | ||||||
| Accrued Liabilities Deferred Income | 61 898 | 38 567 | 32 712 | 700 543 | 164 405 | 87 346 |
| Accumulated Depreciation Impairment Property Plant Equipment | 191 521 | 195 167 | 202 088 | 213 688 | 227 492 | 259 188 |
| Additions Other Than Through Business Combinations Property Plant Equipment | 11 976 | 25 761 | 12 703 | 74 473 | 25 363 | |
| Administrative Expenses | 3 170 798 | 3 720 555 | 4 361 108 | 4 585 471 | ||
| Amounts Owed To Group Undertakings | 1 074 102 | 1 192 584 | 989 957 | 792 049 | 585 461 | 679 960 |
| Average Number Employees During Period | 3 | 3 | 5 | 5 | 11 | 10 |
| Bank Borrowings | 1 000 000 | 38 889 | 25 551 | |||
| Bank Borrowings Overdrafts | 99 023 | 87 570 | 432 013 | 146 699 | 102 439 | 122 252 |
| Bank Overdrafts | 87 570 | 79 644 | 65 469 | 22 514 | 37 337 | |
| Bills Exchange Payable | 409 127 | 558 172 | 576 006 | 424 740 | ||
| Carrying Amount Under Cost Model Revalued Assets Property Plant Equipment | 47 430 | 30 680 | 40 853 | 23 739 | ||
| Cash Cash Equivalents | -97 988 | -86 390 | -8 055 | 7 738 | 518 079 | 352 431 |
| Cash Cash Equivalents Cash Flow Value | -8 055 | 7 738 | 48 004 | -29 039 | ||
| Cash Flows From Disposal Or Reduction In Control Over Subsidiaries Or Other Businesses | -8 493 | |||||
| Comprehensive Income Expense | 466 076 | 896 578 | 848 538 | 470 920 | ||
| Corporation Tax Payable | 32 096 | 3 644 | 1 731 | 8 753 | ||
| Corporation Tax Recoverable | 30 168 | |||||
| Cost Sales | 9 461 359 | 12 204 649 | 14 869 090 | 13 735 807 | ||
| Creditors | 1 428 396 | 1 605 752 | 1 533 138 | 1 395 686 | 1 217 620 | 1 139 284 |
| Current Tax For Period | 32 096 | 185 074 | 104 442 | 109 437 | ||
| Deferred Income | 44 306 | 42 086 | 39 886 | 37 646 | ||
| Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences | 15 273 | 14 593 | 15 991 | -2 726 | ||
| Distribution Costs | 221 158 | 242 686 | 377 613 | 425 539 | ||
| Dividend Declared Payable | 63 832 | 69 759 | 75 686 | 81 613 | 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 | 8 612 | ||
| Finance Lease Payments Owing Minimum Gross | 13 687 | 10 453 | 18 234 | 14 733 | ||
| Finished Goods Goods For Resale | 2 449 805 | 3 953 423 | 4 280 803 | 3 922 392 | ||
| Fixed Assets | 1 306 634 | 1 314 964 | 1 333 804 | 1 326 414 | 1 385 248 | 1 378 116 |
| Foreign Exchange Differences Increase Decrease In Depreciation Impairment Property Plant Equipment | 513 | 410 | -286 | |||
| Further Item Tax Increase Decrease Component Adjusting Items | -41 282 | -2 750 | -7 899 | -7 676 | ||
| Gain Loss Due To Foreign Exchange Differences Before Tax In Other Comprehensive Income | 64 359 | -85 751 | 85 126 | -42 979 | ||
| 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 | -39 870 | ||
| Increase Decrease From Foreign Exchange Differences Property Plant Equipment | 2 710 | 1 232 | -491 | |||
| Increase Decrease In Cash Cash Equivalents From Foreign Exchange Differences | -21 088 | 11 978 | -4 197 | |||
| 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 | 32 335 | |
| Interest Expense On Bank Overdrafts Bank Loans Similar Borrowings | 3 054 | 13 763 | ||||
| Interest Expense On Convertible Borrowings | 2 233 | 1 903 | 3 650 | 6 692 | ||
| Interest Expense On Debt Securities In Issue Other Similar Loans | 38 390 | 41 176 | 69 057 | 89 976 | ||
| 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 | 1 155 | ||
| Interest Payable Similar Charges Finance Costs | 6 806 | 7 134 | 4 357 | 4 187 | 6 451 | 12 430 |
| Interest Received Classified As Investing Activities | -2 408 | |||||
| Investments Fixed Assets | 1 252 393 | 1 252 393 | 1 252 393 | 1 243 900 | 1 243 900 | 1 243 900 |
| Investments In Subsidiaries | 1 252 393 | 1 252 393 | 1 252 393 | 1 243 900 | 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 | -93 833 | ||
| Net Current Assets Liabilities | -1 063 614 | -1 071 944 | -1 101 232 | -830 529 | ||
| Net Finance Income Costs | 242 750 | 221 250 | 2 408 | |||
| Operating Profit Loss | 493 991 | 1 240 612 | ||||
| Other Creditors | 125 154 | 128 772 | 130 757 | 1 432 249 | 1 622 125 | 143 155 |
| Other Disposals Decrease In Depreciation Impairment Property Plant Equipment | 1 467 | 1 605 | 639 | |||
| Other Disposals Property Plant Equipment | 1 467 | 1 835 | 799 | |||
| Other Interest Receivable Similar Income Finance Income | 2 408 | |||||
| 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 | 90 265 |
| Percentage Class Share Held In Subsidiary | 100 | 100 | 100 | |||
| Prepayments Accrued Income | 8 415 | 12 935 | 7 137 | 11 385 | 387 546 | 259 324 |
| Proceeds From Borrowings Classified As Financing Activities | -88 500 | -88 500 | ||||
| Proceeds From Sales Other Long-term Assets Classified As Investing Activities | 8 493 | |||||
| Proceeds From Sales Property Plant Equipment | -420 | |||||
| Profit Loss | 6 319 | 6 445 | -5 568 | 234 145 | 216 999 | 1 544 |
| 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 | 393 404 |
| 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 | -25 363 |
| 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 | 899 392 |
| Taxation Including Deferred Taxation Balance Sheet Subtotal | 29 579 | 19 262 | 33 528 | 26 222 | ||
| Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss | 5 243 | 8 208 | 10 771 | 14 981 | ||
| Tax Increase Decrease From Effect Foreign Tax Rates | -16 689 | -34 236 | -38 815 | -45 323 | ||
| 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 | 1 447 |
| Total Assets Less Current Liabilities | 243 020 | 243 020 | 232 572 | 495 885 | ||
| Total Borrowings | 1 018 140 | 881 871 | 812 195 | 546 992 | ||
| Total Current Tax Expense Credit | 31 716 | 185 074 | 104 226 | 109 437 | ||
| Trade Creditors Trade Payables | 4 387 | 1 419 189 | 26 008 | 1 850 810 | 1 580 433 | |
| Trade Debtors Trade Receivables | 2 472 210 | 2 930 298 | 3 532 337 | 2 872 652 | ||
| Turnover Revenue | 13 071 578 | 17 385 376 | ||||
| Wages Salaries | 133 004 | 366 229 | 350 684 | 532 451 | 669 747 | 728 827 |
| Type | Category | Free download | |
|---|---|---|---|
| AA |
Group of companies' report and financial statements (accounts) made up to Sun, 31st Dec 2023 filed on: 12th, September 2024 |
accounts | Free Download (40 pages) |
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