Carrs Coatings Limited

Carrs Coatings Ltd, based in Redditch, UK, is a small holding company with an active status, established sixteen years ago in 2008. Employing thirty-six people and holding assets of £4,661,530, it operates from a real address and is overseen by three directors and one owner. The company regularly imports plastics and plastic products (83 months) and exports tanning and dyeing products (26 months).

The company’s website is unavailable, making it difficult to determine the specifics of their online presence or e-commerce activities. However, Carrs Coatings Ltd operates in the manufacture of paints, varnishes, and similar coatings, mastics, and sealants—a sector demanding quality and consistency.

Financially, Carrs Coatings Ltd presents a mixed picture. While current assets increased by 25% to £4,700,000, net assets decreased by 71% to -£980,000. Bank borrowings fell by 9.1% to £1,300,000, but cash reserves experienced a dramatic drop of 2400% to £30,000. Trade debtors decreased by 8.9% to £2,000,000, and creditors increased by 29% to £5,900,000. 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 agility, but the significant decline in equity is concerning. There is no auditor mentioned, which is common for small companies.

The company’s reliance on imports suggests potential supply chain vulnerabilities, while the export activity indicates a focus on international markets. The decrease in cash reserves and increase in creditors may indicate a need to manage finances more carefully.

Registered in England/Wales under the registration number 06628569, with a registered address at B98 9HF, Redditch, West Midlands, 2e Eagle Road, North Moons Moat.

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