Chemco International Limited

Chemco International Ltd, based in Coatbridge, UK, is a small holding company with an active status, celebrating 35 years in business. Employing 28 people and holding assets of £2,923,687, it operates from a real address and is overseen by four directors and a single owner. The company is a regular importer and exporter of plastics and plastic products, with 20 months of import activity and 99 months of export activity recorded, the last operations taking place in January and February 2025 respectively.

Chemco International’s core business revolves around the manufacture of other chemical products, specifically protective marine coatings. Its website showcases a wide range of products, from wet rust tolerant coatings to high-temperature coatings, catering to industries like marine, cruise, industrial, and offshore. The company doesn’s appear to be primarily e-commerce focused, but rather presents itself as a supplier of specialized coatings solutions, with a focus on technical support and bespoke projects. It’s clear they're targeting a B2B market rather than direct consumer sales.

Financially, Chemco International Ltd demonstrates some concerning trends. Accumulated amortisation of intangible assets increased by 0.2% to £890,000, while accumulated depreciation of property, plant, and equipment saw a more significant rise of 35% to £550,000. Bank borrowings decreased by 12% to £410,000, and cash reserves increased by 13% to £370,000. However, creditors jumped by a substantial 70% to £1,200,000, and total inventories increased by 27% to £1,200,000. While net assets remained stable at £2,500,000, the rise in creditors suggests potential cash flow challenges. The company's small size—meeting two out of three criteria for a small company—allows for flexibility, but the increase in liabilities warrants further scrutiny. With no auditor mentioned, the financial statements are unaudited.

Overall, Chemco International Ltd appears to be a well-established player in its niche market, but the recent financial data indicates a need to manage liabilities effectively to ensure long-term sustainability.

Registered in Scotland under the registration number SC124648, with a registered address at ML5 4XD, Coatbridge, North Lanarkshire, 13-17 Hagmill Road, East Shawhead Industrial Estate.

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