Adhesive Solutions Limited

Adhesive Solutions Ltd, based in Bingley, UK, is a small, family-run business with an active status, celebrating 20 years since its founding. With just two employees and £679,347 in assets, it’s a modest operation managed by three directors and two owners. The company operates from a real address and is a regular importer and exporter of natural and modified starches, glues, and enzymes, with 24 months of import activity and 5 months of export activity recorded.

The company’s website highlights its focus on supplying adhesives for industrial applications, specifically targeting furniture, window, woodworking, and construction industries. It positions itself as a provider of high-quality adhesive products at competitive prices, emphasizing its experience and ability to meet diverse customer needs. The website details a wide range of adhesive products, including water-based adhesives, hot melts, and polyurethane adhesives, sourced from leading manufacturers. It also mentions a piano restoration venture, 1066 Pianos, which is a separate business.

Financially, Adhesive Solutions Ltd shows some concerning trends. While current assets remained stable at £680,000, net assets declined by 17%, settling at £410,000. Bank borrowings decreased by 22%, reaching £28,000, and cash reserves fell 12% to £420,000. Trade debtors increased by 25%, suggesting potential issues with customer payments. Creditors rose significantly by 52%, indicating a need to manage supplier relationships more closely. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s likely exempt from an audit, so these figures are unaudited.

Overall, Adhesive Solutions Ltd appears to be facing some financial pressures, despite its established presence and focus on specialized industrial adhesives. The company’s ability to navigate these challenges will depend on its ability to maintain customer relationships, manage its costs effectively, and leverage its expertise in the adhesives market.

Registered in England/Wales under the registration number 05123868, with a registered address at BD16 1PE, England, Bingley, York House, Cottingley Business Park.

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