Creative Resin Systems Limited

Creative Resin Systems Ltd, based in Pontypridd, UK, is a small, active family business established sixteen years ago. With four employees and £213,106 in assets, the company operates from a real address and is managed by two directors and owners, Hunt Graham and Hunt Helen. It’s a tight-knit operation, having been incorporated on September 17, 2008. The company is involved in the other research and experimental development on natural sciences and engineering industries.

While primarily focused on exporting plastics and plastic products for an impressive forty-eight months, the company also engages in irregular imports of organic chemicals, with its last import activity recorded one month ago. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50.

The company’s financial report reveals a mixed picture. Current assets have fallen by a significant 40%, dropping to £210,000, while net assets have also decreased by 4.4% to £310,000. Bank borrowings have increased by a substantial 37%, reaching £360,000, and cash reserves have plummeted 100%, leaving just £42. Trade debtors have risen by 14%, indicating potential issues with customer payments. Creditors have also increased by 37%, suggesting a greater reliance on short-term financing. The company’s small size helps it stay agile, but the decline in cash reserves is a cause for concern. There's no auditor mentioned, likely due to its status as a small company. The company’s accounts were prepared and delivered in accordance with the provisions applicable to companies subject to the small companies’ regime.

The financial data suggests Creative Resin Systems Ltd is facing some financial pressures, although it's difficult to say if this is a temporary setback or a longer-term trend. The increase in bank borrowings and the decrease in cash reserves are particularly noteworthy. It's possible that the company is investing in new equipment or expanding its operations, but the lack of detail in the report makes it difficult to draw any firm conclusions.

Registered in England/Wales under the registration number 06700323, with a registered address at CF37 2BW, Pontypridd, South Wales, 27-28 Gelliwastad Road.

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