Brunel Marine Coatings Ltd

Brunel Marine Coatings Ltd, based in Bristol, UK, is a small, active company founded six years ago in 2019. With just one employee and £74,671 in assets, it’s a solo founder operation managed by two directors. The company holds a stellar 5.0 Google rating based on a single review, a testament to its customer service. It operates as an irregular importer, primarily bringing in machinery, boilers, and mechanical appliances parts, with its last import activity occurring two months ago in 2021.

The company's core business involves the manufacture of paints, varnishes, and coatings, as well as the treatment and coating of metals—a niche industry requiring specialized expertise. It appears to be a small-scale operation, meeting two of the three criteria to be classified as small (turnover under £10.2 million, balance sheet under £5.1 million, and fewer than 50 employees). The company's website is not available, so it's difficult to determine if it operates an e-commerce site or relies on direct sales.

Financially, Brunel Marine Coatings Ltd presents a mixed picture. Accumulated depreciation on its equipment has increased significantly, with computer equipment rising 66%, furniture fittings 570%, and plant machinery 670%. Bank borrowings remain stable at £50,000, but cash reserves have decreased slightly to £42,000. Creditors have also decreased, but current assets have fallen by 28% to £81,000. Equity has taken a big hit, dropping 1200% to -£19,000—a concerning trend. Trade debtors have also decreased by 45%. The company’s unaudited accounts, exempt due to its small size, don't mention an auditor.

While the company's strong Google rating suggests good customer satisfaction, the significant decline in equity raises questions about its financial health. The increase in depreciation indicates investment in equipment, but the decrease in assets and cash reserves suggests it might be burning through money. The lack of employees, combined with the solo founder status, implies a lean operation, but it also raises concerns about its ability to scale. It's likely the company is facing challenges, but its niche market and strong reputation could help it weather the storm.

Registered in England/Wales under the registration number 11961736, with a registered address at BS1 5QT, United Kingdom, Bristol, St Brandon's House, Great George Street.

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