Axalta Powder Coating Systems Uk Limited

Axalta Powder Coating Systems Uk Ltd, based in Welwyn Garden City, UK, is a sizable company with a history spanning 52 years. Employing 65 people and holding assets valued at £16,063,000, it operates as a holding company with an active status. The company, founded on September 1972, maintains a real address and is overseen by two directors and one owner. A Google rating of 4.0, based on 26 reviews, suggests a generally positive customer perception. The business regularly imports and exports plastics and plastic products, with 201 months of import activity and 135 months of export activity recorded.

The company’s core business revolves around the manufacture of paints, varnishes, and similar coatings, mastics, and sealants. It's a large company, having met two of three criteria: turnover exceeding £36 million, balance sheet total surpassing £18 million, and an employee count of over 250. The company’s financial data reveals some interesting trends. Accrued liabilities have increased significantly, rising by 250%, while investments in plant and machinery have increased by 7.8%. Cash bank on hand has improved by 33%, and net assets have increased by 1.9%. However, bank borrowings have risen substantially, increasing by 200%, and net losses have deepened.

Despite these challenges, the company appears to be navigating the economic landscape. The decrease in trade debtors suggests improved debt management, and the increase in cash reserves indicates a stronger financial position. Johnston Carmichael LLP is the auditor for the company. The company’s long history and established presence in the coatings industry, combined with its consistent import and export activities, suggest a resilient business model. The increase in administrative expenses by 91% is something to keep an eye on, though.

Registered in England/Wales under the registration number 01074133, with a registered address at AL7 1FS, Welwyn Garden City, Hertfordshire, Unit 1 Quadrant Park, Mundells.

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