Goldline Refinish Uk Limited

Goldline Refinish Uk Ltd from Preston UK: a small, active company founded six years ago, employs two people, and holds £143,107 in assets. It operates from a virtual address, managed by two directors and two owners. The company regularly imports tanning and dyeing products, with 45 months of import activity recorded.

The company’s website showcases its role as a UK supplier for Troton car refinishing products and Sealine marine products. It offers a wide range of body fillers, primers, clear coats, and polishing systems, catering to both the car refinishing and yachting markets. The website details various product lines, including Troton Goldline, Sealine Marine Products, and Brayt Polishing Systems, and provides technical data sheets for each item. It’s clear the company is focused on wholesale distribution rather than direct-to-consumer sales.

Financially, Goldline Refinish Uk Ltd shows some concerning trends. While current assets remain steady at £140,000, net assets have fallen by 55% to £27,000. Bank borrowings have increased, and cash reserves have dropped considerably. Trade debtors have also decreased, suggesting a potential issue with collecting payments. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The lack of an auditor mentioned suggests the company is exempt from an audit, relying on unaudited financial statements.

Despite the financial pressures, Goldline Refinish Uk Ltd appears to be a specialist supplier within a niche market. Its focus on premium products and established relationships with car refinishing and yachting businesses could provide a buffer against broader economic headwinds. However, the declining equity and increased borrowings warrant close monitoring.

Registered in England/Wales under the registration number 11851124, with a registered address at PR1 3HP, United Kingdom, Preston, Lancashire, Richard House, 9 Winckley Square.

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