Glenwood Paint Supplies Limited

Glenwood Paint Supplies Ltd from Darlington, UK, is a small, active company established 48 years ago. Employing 22 people and holding assets of £947,421, it's a family-run business with a real address and two directors, overseen by a solo founder. The company operates an e-commerce site and regularly imports miscellaneous manufactured goods, with the latest import activity recorded four months ago.

The company’s website, Glenwood Decorating Supplies, positions itself as a trusted name in the paint and decorating industry, offering a wide range of brands like Teknos, Leyland, and Crown Paints. It caters to trade, DIY, and industrial customers, providing everything from interior and exterior paints to decorating accessories and tools. The site emphasizes competitive pricing and expert advice, highlighting its commitment to customer satisfaction.

Financially, Glenwood Paint Supplies Ltd shows a mixed picture. Current assets decreased by 6.2% to £950,000, while net assets increased by 12% to £630,000. Bank borrowings remained steady, and cash reserves increased by 56% to £62,000. Creditors decreased by 30%, suggesting better debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain agile. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company's net losses deepened from -£10,000 to -£23,000, while cash reserves plummeted 71% to just £4,100. Trade debtors ballooned by 890%, suggesting delayed customer payments or expanded credit terms, and creditors rose 35% to £34,000.

Overall, Glenwood Paint Supplies Ltd appears to be holding its own, but the financial data suggests a need for careful management to ensure long-term stability.

Registered in England/Wales under the registration number 01292559, with a registered address at DL1 1XD, Darlington, County Durham, Lukes House, 206-210 Yarm Road.

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