Colourworks Coatings (south) Ltd

Colourworks Coatings South Ltd, based in West Sussex, UK, is a small, family-run business with an active trading status. Founded 20 years ago, it employs nine people and holds £559,899 in assets. With a real registered address and three directors alongside two owners, it's a tight-knit operation. The company is an irregular importer, focusing on furniture, lighting, and prefabricated buildings, with the last import activity recorded two months ago in November 2023.

The company's website highlights its expertise in sports surface installation and facility refurbishment, specializing in tennis court painting and maintenance. It offers a range of services, from acrylic and polymeric surfaces to artificial grass and playground graphics. ColourWorks also works with large sports surfacing companies, often subcontracting final surfacing and lining work. The website emphasizes a flexible and personal service, catering to both private individuals and large organizations. It’s clear they are a specialist, with a focus on quality and reliability.

Financially, Colourworks Coatings South Ltd shows some interesting trends. Cash bank on hand increased significantly by 64%, reaching £390,000, while creditors jumped 150% to £130,000. Current assets also saw a healthy increase of 59%, rising to £560,000. However, trade debtors increased by 48%, suggesting potential delays in customer payments. Despite these changes, net assets grew by 32%, reaching £460,000, indicating a strengthening financial position. 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 increase in creditors should be monitored. There’s no auditor mentioned, likely due to the company’s small size and exemption from an audit.

Overall, Colourworks Coatings South Ltd appears to be in a reasonably healthy state, with growing assets and cash reserves. The increase in creditors is something to keep an eye on, but the company's focus on specialized services and its reputation for quality position it well for continued success.

Registered in England/Wales under the registration number 05305308, with a registered address at EN8 7AN, England, Waltham Cross, 103 High Street.

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