Colsec Limited

Colsec Ltd from Whyteleafe UK is a small holding company with an active status, celebrating 50 years since its founding in 1974. The company employs 49 people and holds assets valued at £3,168,160. While it has six directors and a single owner, its registered address is a virtual one, shared by sixteen other companies. Colsec is an irregular importer, primarily dealing with miscellaneous metal items, with its last import operation recorded in October 2024.

The company’s website highlights its expertise in coldstore construction and insulated panelling, offering nationwide services across the UK. It caters to a diverse range of industries, including retailers, food producers, and funeral directors, providing modular coldrooms, bespoke coldstores, and mortuary body storage solutions. A key element of their business is the Servacool repair and maintenance division, offering fast and reliable service for coldroom repairs and supplying a range of coldroom spares. The website also showcases projects, including an olive processing facility and a handcrafted patisserie specialist, demonstrating their capabilities.

Financially, Colsec Ltd shows some interesting trends. While cash reserves increased significantly by 170% to £1.5 million, current assets dropped by 18% to £3.2 million. Debtor amounts decreased by 22% to £1.2 million, while creditors rose by 48% to £1.9 million. Interest payable disappeared completely, and net assets fell by 7% to £1.5 million. The company’s size qualifies it as a small company, meeting two of three criteria. Bank borrowings increased, which is a bit concerning, but the company’s profits grew by a healthy 30% to £490,000. The lack of a named auditor suggests unaudited accounts, which is standard for small companies.

Overall, Colsec Ltd appears to be navigating a period of change. While the company is profitable and has a strong service offering, the increase in creditors and decrease in net assets suggest a need for careful financial management. The company’s long history and established reputation should provide a solid foundation for future success, but keeping an eye on these trends will be important.

Registered in England/Wales under the registration number 01177162, with a registered address at CR3 0BL, United Kingdom, Whyteleafe, Surrey, Bourne House, 475 Godstone Road.

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