Express Paints Limited

Express Paints Ltd, based in Portsmouth, UK, is a small, family-run business with an active status. Established 27 years ago in 1997, the company employs 15 people and holds assets totaling £625,620. It operates from a real address and is managed by four directors and two owners. The company runs an e-commerce site, selling paints and related products. It regularly imports tanning and dyeing products, with 3 months of import activity recorded, and irregularly exports vehicles, parts, and accessories, with just 1 month of export activity.

The company’s website showcases a wide range of products, including abrasives, paints, tools, and equipment. It caters to both professional and DIY customers, offering a vast selection of brands and colors. The site highlights its commitment to quality and customer service, with detailed product descriptions, helpful guides, and a user-friendly interface. It even has a "clearcoat discovery tool" and offers custom-matched aerosols. The website also features a blog with updates and news, and a section dedicated to customer testimonials.

Financially, Express Paints Ltd’s numbers show a mixed picture. While current assets grew by a modest 3.4% to £630,000, net assets remained relatively stable at £320,000. Bank borrowings decreased by 34% to £19,000, and cash reserves fell 44% to £62,000. Creditors increased by 11% to £330,000, suggesting a reliance on trade credit. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to remain flexible, but the decline in cash reserves warrants attention. The company is exempt from an audit as a small company, so the figures are unaudited.

The company’s depreciation charges have remained consistent over the last year, with no significant changes in the rates applied to various asset classes. The company’s trade debtors have increased by 16%, which could indicate a growth in sales but also a potential risk of delayed payments. The company’s raw materials inventory has also increased by 12%, which may be a strategic move to ensure adequate stock levels to meet anticipated demand. Overall, Express Paints Ltd seems to be navigating a competitive market, but keeping an eye on its cash flow and managing its trade receivables will be key to its continued success.

Registered in England/Wales under the registration number 03426104, with a registered address at PO3 5NX, Portsmouth, Hampshire, Unit 4 Dundas Spur.

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