Corrosion Prevention Limited

Corrosion Prevention Ltd, based in Cannock, UK, is a small, active family business established eighteen years ago. With eleven employees and £351,170 in assets, the company operates from a real address within the Cannock Chase Enterprise Centre. Two directors and two owners manage the business, which specializes in engineering-related consulting activities. Notably, Corrosion Prevention Ltd is an irregular importer, having imported optical and medical tools and devices for just two months, with the last import occurring in 2018.

The company's website highlights its expertise in cathodic protection and the life extension of structures. They provide survey, diagnostic testing, and specification services for a range of infrastructure, including highway bridges, buildings, ports, and petrochemical facilities. Their services extend to design and specification of cathodic protection systems, catering to both new builds and retrofit projects. Corrosion Prevention Ltd boasts certified engineers and experience with installations on major bridges and heritage buildings.

Financially, Corrosion Prevention Ltd’s recent performance shows some concerning trends. Cash bank holdings decreased significantly by 42% to £170,000, while net assets also fell by 13% to £250,000. The company’s turnover has not been reported, but it is likely to be below £10.2 million, and the company has fewer than 50 employees. Bank borrowings increased by 37%, reaching £24,000, and other creditors rose by 14%, to £36,000. Trade debtors have increased dramatically, rising by 110% to £180,000. While the company is exempt from an audit, the decline in cash reserves and the rise in debt suggest potential financial pressures, though the company's small size and family ownership may allow for flexibility.

Registered in England/Wales under the registration number 06208395, with a registered address at WS12 0QU, Walkers Rise Cannock, West Midlands, Unit 2 01, Cannock Chase Enterprise Centre.

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