Composite Prime Limited

Composite Prime Ltd, based in Bingley, UK, is a small holding company with an active status. Founded nine years ago in 2015, the company employs fifteen people and holds £1,956,479 in assets. It’s managed by two directors and one owner, operating from a real address. The business regularly imports plastics and plastic products (52 months), with the last import occurring in January 2025, but exports irregularly (2 months), with the last export in October 2021.

The company's website showcases a range of composite decking, fencing, and cladding products, marketed towards the UK market. It appears to be a direct-to-consumer business, with a focus on durable, long-lasting products and a strong emphasis on sustainability. The website highlights a focus on design and inspiration, offering product galleries, case studies, and a product comparison tool—typical features of a modern e-commerce platform. There's no indication of a wholesale or retail partnership model.

Financially, Composite Prime Ltd shows some concerning trends. Accumulated depreciation on motor vehicles has increased significantly by 150%, while bank borrowings have increased by 29%, reaching £100,000. Cash reserves have decreased by 22%, dropping to £1,200,000. Creditors have also decreased by 21%, to £1,100,000. Despite these pressures, net assets have increased by 6.6%, to £710,000. 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. There's no auditor mentioned, which is common for small companies.

The increase in depreciation on motor vehicles could be due to new vehicle purchases, while the decrease in cash reserves and increase in borrowings suggest the company may be burning through money to support growth. The decrease in creditors could be a positive sign of improved debt management. It's worth noting that the company's financial statements are unaudited, so the figures should be viewed with some caution.

Registered in England/Wales under the registration number 09870490, with a registered address at BD16 2AF, England, Bingley, Unit K Castlefields Industrial Estate, Castlefields Road.

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