Av Coatings Limited

Av Coatings Ltd, based in Ammanford, UK, is a small, family-run business with an active status. Founded sixteen years ago in 2009, it employs five people and holds £134,023 in assets. The company operates from a virtual address – forty other companies are registered at the same location – and is overseen by two directors and two owners. It’s an irregular importer, primarily dealing with plastics and plastic products, with the last import operation occurring one months ago in June 2023.

The company’s website highlights its expertise in polyurea and polyurethane coatings, positioning itself as a leading UK supplier. It caters to diverse sectors, including marine, industrial, and retail, offering services like coating application, foam insulation, and film sets. The site emphasizes rapid return to service, bespoke solutions, and rigorous quality control. A key element is the AV Group’s 40 years of engineering experience, enabling tailored coatings and pioneering applications in the UK. Recent projects are showcased, and the company maintains connections with industry specialists.

Financially, Av Coatings Ltd presents a mixed picture. While current assets increased by 55% to £130,000, net assets surprisingly jumped to £43,000, reversing a previous loss of -£8,000. However, cash bank on hand plummeted by 100% to just £7, and trade debtors increased significantly by 130% to £100,000. Bank borrowings decreased by 3.4%, and creditors decreased by 45%. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the sharp increase in debtors suggests potential cash flow challenges. As a small company, it is exempt from an audit, and the figures are unaudited.

Registered in England/Wales under the registration number 06854503, with a registered address at SA18 2NB, Ammanford, Carmarthenshire, Castle House, High Street.

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