Corroless Eastern Limited

Corroless Eastern Ltd from Dereham UK: a small, active company founded 23 years ago, employs 27 people, and holds assets valued at £1,926,453. It’s a real, family-run business with four directors and two owners, boasting a stellar 5.0 Google rating from 13 reviews. The company is an irregular importer of plastics and plastic products, with just one month of imports recorded.

The company’s website, Corroless Eastern, positions itself as specialists in industrial coatings, linings, and resin flooring. They don’t appear to be an e-commerce business; instead, they offer a range of services including protective coatings, tank relining, waterproofing, and hygiene coatings. They also sell products like rust stabilisers and corrosion inhibitors. Case studies showcase projects like tank linings, liquid roofing, and concrete repair, highlighting their expertise in solving complex engineering challenges.

Financially, Corroless Eastern Ltd shows a mixed picture. Current assets decreased by 5.7% to £1,900,000, while net assets increased by 10% to £1,000,000. Bank borrowings were eliminated entirely, a positive sign, but cash reserves grew by only 8.8% to £350,000. Trade debtors decreased by 14%, which could mean better cash flow management, but creditors also fell by 13%, suggesting a possible need for more credit. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decrease in debtors could be a cause for concern. With no auditor mentioned (likely exempt as a small company), the figures are unaudited.

Overall, Corroless Eastern Ltd seems to be a stable, well-regarded business, but the decrease in debtors warrants further investigation. The company's focus on specialist services and long-standing client relationships suggests a business model that prioritises quality over rapid growth—a strategy that has served them well for over two decades.

Registered in England/Wales under the registration number 04265484, with a registered address at NR20 3TG, England, Dereham, Greens Industrial Estate, Greens Road.

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