Britannia Adhesives Limited

Britannia Adhesives Limited, based in Basildon, UK, is a small, holding company with an active status. Founded 1986, the company has been around for 38 years and employs just three people, holding £8,368 in assets. With two directors and one owner, it maintains a respectable Google rating of 4.0 based on three reviews. The company regularly imports plastics and plastic products, with a history of five months of import activity.

The company operates in the manufacture of other chemical products, and is a private limited company registered in England/Wales. It’s a small entity, meeting two of three conditions for a small company: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The address, C/O Pafra Adhesives, Bentalls, is likely a real address as only one other company is registered there.

Looking at the financial data, Britannia Adhesives Limited shows a concerning trend. Cash bank on hand has plummeted 85%, falling from £41,000 to just £6,200. Current assets have also taken a significant hit, dropping 85% to £8,400. Debtor levels have fallen dramatically, decreasing 86% to £2,200, and equity has plummeted 98% to just £1,100. While creditors have decreased, the overall picture suggests a company struggling to maintain its financial footing. The company’s bank borrowings have increased, and the decrease in assets is a worrying sign.

Despite these challenges, the company’s dividend payments have remained constant at £480,000, which is a bit odd given the decline in assets. The company's financial statements are unaudited, and the auditor is Cooper Parry Group Limited. It's likely that the company is facing increased competition or experiencing supply chain issues, which could be impacting its profitability. The lack of employees (zero reported) suggests a lean operation, but it also limits the company’s ability to scale and respond to market changes.

Registered in England/Wales under the registration number 02054187, with a registered address at SS14 3BU, England, Basildon, Essex, C/O Pafra Adhesives, Bentalls.

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