Banks Specialist Covers Limited

Banks Specialist Covers Limited, based in Salisbury, UK, is a small holding company with an active status, celebrating 25 years in business. The company employs nine people and holds £278,458 in assets, operating from a virtual address shared by 67 other companies. It's managed by three directors and owned by two individuals, though the full ownership picture is likely more complex. The company regularly exports textile products, sets, used clothing, and rags – 22 months of export activity were recorded, with the latest in February 2025 – but imports toys, games, and sports equipment irregularly, with just one month of imports noted back in April 2022.

The company’s website showcases a diverse range of specialized protective covers, from sail repairs and aviation hangars to spatter gun covers for the automotive industry. Notably, it has supplied backdrops for major events like the Commonwealth Games, highlighting its capabilities in large-scale projects. A significant portion of the website is dedicated to Weld Gun Covers, a division that operates independently and deals directly with clients after terminating a previous arrangement. The site also features a section on piano restoration, suggesting a broader range of activities beyond its core business.

Financially, Banks Specialist Covers Limited presents a mixed picture. Current assets increased by 15% to £280,000, while net assets decreased by 21% to -£280,000. Bank borrowings decreased by 18% to £6,000, and cash reserves increased dramatically by 880% to £7,400. Creditors increased by 20% to £550,000, and trade debtors increased by 33% to £73,000. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decrease in equity is a concern. As a small company, it’s exempt from an audit, so the financials are unaudited.

The company appears to be navigating a period of change, with fluctuating financials and a diverse range of business ventures. While the core textile export business seems stable, the company's financial health and the sustainability of its various divisions will be key to its long-term success.

Registered in England/Wales under the registration number 03838424, with a registered address at SP1 2SB, Salisbury, Wiltshire, Alexandra House, St Johns Street.

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