Fm Coatings Limited

Fm Coatings Ltd from Boldon UK: a small, active company founded 17 years ago, employs 110 people, and holds £2,212,658 in assets. It’s a family business with one director and two owners, operating from a real address. The company regularly imports jewelry, precious stones, and metals (for 7 months) and exports vehicles, parts, and accessories (not for trains or trams) for 4 months.

The company operates in the manufacture of other plastic products industries. 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, and employees less than 50. The company’s website doesn’t give much information about e-commerce; it seems to be a B2B operation focused on manufacturing rather than direct sales.

Financially, Fm Coatings Ltd shows some concerning trends. Net assets have fallen significantly, dropping 81% to -£150,000. Cash reserves have also decreased by 50%, leaving just £55,000. Bank borrowings have risen considerably, increasing by 84% to £140,000. However, trade debtors have fallen by 18%, suggesting improved collection of payments. Creditors have also decreased by 33%, which is a positive sign. The company’s average number of employees has also dropped by 45%, falling to 61.

The sharp decline in equity could be due to various factors, such as increased operating expenses or investments in new equipment. The rise in bank borrowings may indicate a need for additional capital to fund growth or cover short-term liabilities. While the decrease in debtors and creditors suggests better financial management, the overall picture is one of financial pressure. The company is likely facing challenges in maintaining profitability, and the drop in employees could be a response to these pressures. The lack of an auditor mentioned suggests the company is exempt due to its size, meaning the figures are unaudited.

Registered in England/Wales under the registration number 06372254, with a registered address at NE35 9LZ, Boldon, Tyne & Wear, Unit 15 Brooklands Way, Boldon Business Park.

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