Global Refinish Supplies Ltd

Global Refinish Supplies Ltd, based in Maidenhead, UK, is a small, active company established eleven years ago. With five employees and £1,447,179 in assets, it operates from a real address and is managed by a single director and owner. The business runs an e-commerce site and regularly imports optical and medical tools and devices, with the last import activity recorded three months ago in May 2020.

The company's core activity is the wholesale trade of motor vehicle parts and accessories, acting as a distributor for PPG Refinish. Their website showcases a wide range of products, from abrasives and consumables to paint and equipment, catering to automotive, commercial, and industrial markets. They boast national coverage and guaranteed next-day delivery, emphasizing their partnership with PPG Industries, the world’s leading paint company. The website also highlights technical support, training courses, and a Bodyshop Management System, positioning them as a comprehensive solution provider.

Financially, Global Refinish Supplies Ltd presents a mixed picture. Cash bank on hand has decreased by 35% to £34,000, while current assets have risen by 23% to £1,400,000. Trade debtors have increased by 19% to £500,000, and creditors have grown by 25% to £1,300,000. Equity has increased by 20% to £200,000. Despite these changes, the company remains classified as small, meeting two of three conditions: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The increase in creditors suggests a possible reliance on credit, while the growth in debtors could indicate delayed payments. The company’s financial statements are unaudited, likely due to its small size.

The business appears to be holding its own, but the rising debt levels warrant close monitoring. The strong connection to PPG Refinish, however, provides a stable foundation and access to a well-established brand and product range.

Registered in England/Wales under the registration number 09048423, with a registered address at SL6 7BN, Maidenhead, Berkshire, Unit 3 Denmark Street.

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