Gls Coatings Ltd

Gls Coatings Ltd, based in Bromborough, UK, is a small, active company founded thirteen years ago. With thirteen employees and £1,522,766 in assets, it operates from a virtual address shared by many other businesses, a fact that raises some questions. The company is led by two directors and owned by Evans Andrew Neville. It regularly imports plastics and plastic products (seven months of activity) but exports them irregularly (just one month).

The company's website highlights a specialized focus: protective coatings for industrial, rail, and commercial applications. They offer solutions like waterproofing, rail coatings, electrical insulation, and asbestos encapsulation, catering to sectors like rail infrastructure, roofing, and floor coatings. Notably, they're a certified supplier for Network Rail, applying a high-voltage insulating coating called GLS 100R. They also provide solutions for electric vehicle charging points, a growing market.

Financially, Gls Coatings Ltd shows a mixed picture. While cash reserves increased by a healthy 40% to £1.1 million, net assets only grew by 38% to £1.1 million. Creditors increased significantly by 35% to £500,000, and bank borrowings remain relatively stable. Debtor levels have decreased by 9.1%, suggesting better collection practices. The company’s small size (meeting two of three criteria for a small company) allows for flexibility, but the increase in creditors warrants monitoring. The company is exempt from an audit, so the financial information is unaudited. The company’s future will depend on its ability to maintain its Network Rail contracts and capitalize on the growing demand for protective coatings in sectors like electric vehicle infrastructure.

Registered in England/Wales under the registration number 07957182, with a registered address at CH62 3RP, Bromborough, Wirral, 10 Stadium Court, Stadium Road.

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