Fiba Tech Industries Limited

Fiba Tech Industries Limited, based in Wells, UK, is a small, active company established 29 years ago in 1995. Employing 23 people and holding assets of £374,046, it’s a well-established player in its field. With two directors and one owner, and a perfect 5.0 Google rating from two reviews, the company seems to enjoy a good reputation. It regularly imports and exports plastics and plastic products, with a long history of 165 months of export activity and six months of import activity.

The company’s core business, as detailed on its website, revolves around providing insulation and protection technologies for pipelines, oil & gas, electric vehicles, and mass transit industries. Fiba Tech Industries is a leading producer of fiber-reinforced polymers, particularly known for its FibaClad insulation cladding, Fibaroll, and pre-insulated pipe system FibaShield. The website highlights the company’s focus on innovation, particularly in addressing corrosion under insulation (CUI), a major issue in the oil and gas sector. They also develop phenolic prepreg materials for mass transit applications, emphasizing processing efficiency and fire safety. They even have a history of working hand-in-hand with customers to develop products.

Financially, Fiba Tech Industries shows a mixed picture. Current assets increased by a significant 36% to £370,000, while bank borrowings remained stable at £10,000. However, net assets declined by 4.7% to -£77,000, and cash reserves fell by a substantial 67% to £15,000. Trade debtors also increased significantly, by 70% to £220,000. The company’s small size—meeting two of three criteria for being considered small—allows for agility, but the decline in equity raises concerns. It’s worth noting that the company’s accounts are unaudited, likely due to its small size and exemption from an audit.

The surge in directors loans, from £1,100 to £85,000, is a notable detail, suggesting a possible injection of personal funds into the business. While the company’s website projects a strong focus on innovation and customer solutions, the financial data indicates a period of strain and a need for careful management to ensure long-term stability.

Registered in England/Wales under the registration number 03088819, with a registered address at BA5 3NU, Wells, Somerset, Little Fountains, Dulcote.

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