Coat Trading Ltd

Coat Trading Ltd, from London UK, is a small holding company with an active status, established five years ago. With fourteen employees and £1,544,070 in assets, it operates from a virtual address – a detail flagged by the fact 47,613 other companies are registered at the same location. The company is led by four directors and has one owner, Pembroke Vct Plc. It runs an e-commerce site and regularly imports miscellaneous manufactured goods (for three months) and exports printed materials like books, newspapers, and pictures (for nine months).

The company’s website showcases a modern paint brand, “COAT,” specializing in climate-positive, made-to-order paints in a range of tasteful shades. The site emphasizes sustainable practices, offering peel-and-stick samples, and collaborating with designers like Stacey Dooley and Millie Mackintosh. It also features a separate division focused on high-end piano restoration, a venture seemingly distinct from the paint business.

Financially, Coat Trading Ltd presents a mixed picture. Current assets have fallen by 25%, dropping to £1,500,000, while net assets have seen a significant decline of 39%, settling at £510,000. Bank borrowings have vanished completely, a positive sign, but cash reserves have decreased by 41%, leaving £800,000. Trade debtors have plummeted by a substantial 65%, suggesting improved collection, while creditors have decreased by 11%. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The unaudited accounts, prepared by Multiply Accountancy Limited, don’t mention an auditor.

The sharp decline in equity and the decrease in cash reserves suggest Coat Trading Ltd is facing financial pressure, despite its strong brand positioning and sustainable focus. The success of the piano restoration division, with its high-end clientele, may provide a buffer against these challenges, but it remains to be seen whether the two businesses can sustain each other long term.

Registered in England/Wales under the registration number 12502151, with a registered address at EC1V 2NX, United Kingdom, London, 128 City Road.

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