Ftpaints Ltd

Ftpaints Ltd, based in Coventry, UK, is a small, active company founded five years ago in 2019. Employing just three people, it holds £80,607 in assets and operates from a real address within a business park. With two directors and a solo founder, the company runs an e-commerce site and maintains a stellar 5.0 Google rating from 32 reviews. It’s an irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings, with the last import operation occurring two months ago in June 2024.

The company’s website showcases a wide range of automotive paints, consumables, tools, and industrial products. It caters to both trade and retail customers, offering a comprehensive selection of abrasives, additives, adhesives, and more. The site emphasizes competitive pricing and a focus on providing the “trades best suppliers and manufacturers.” It even has a blog section with articles related to paint application and safety.

Financially, Ftpaints Ltd presents a mixed picture. Current assets decreased by 8% to £81,000, while net assets increased by 5% to £44,000. Bank borrowings decreased by 30% to £25,000, and cash reserves dropped slightly to £23,000. Trade debtors fell significantly by 50% to £10,000, which could indicate improved collection efforts. The company meets the criteria for a small company, with a turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it is exempt from an audit, so the figures are unaudited. Loans from directors increased by a staggering 100% to £9,700, which may be a source of concern.

Overall, Ftpaints Ltd appears to be navigating a period of change. While its e-commerce presence is strong and customer reviews are positive, the financial data suggests it’s working to manage its cash flow and debt.

Registered in England/Wales under the registration number 12371003, with a registered address at CV1 4NA, England, Coventry, Unit 3 Bishopsgate Business Park, Widdrington Road.

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