Hi-tech Coatings International Limited

Hi-Tech Coatings International Ltd, based in Altrincham, UK, is a small holding company with an active status, established 23 years ago. Employing 15 people, the company holds £2,845,678 in assets, though it operates from a virtual address shared by many other businesses. Led by four directors and one owner, it maintains a stellar 5.0 Google rating based on seven reviews. The company regularly imports and exports plastics and plastic products, with 115 months of import activity and 180 months of export activity recorded.

The company’s website details its operations as a coatings manufacturer specializing in powder coating services from its Rainford Industrial Estate location in St. Helens. It caters to a range of customers, offering pretreatment, shot blasting, and a variety of RAL and BS colours, with sizes up to 6.2m x 2m x 2m. The website emphasizes fast turnarounds and competitive pricing, highlighting its experience and commitment to customer needs. It’s clear the company’s focus is on providing high-quality coating services to a diverse clientele.

However, a review of the company’s financial data reveals a concerning trend. While the company is small, meeting two of three criteria for a small company, net assets have plummeted by 24% to £2,400,000. Cash reserves have also taken a hit, falling 89% to just £330,000. Trade debtors have increased significantly by 380%, suggesting potential issues with customer payments. Bank borrowings have also risen, though this may be a strategic move to manage cash flow. The lack of employees (now reported as just four, a 73% decrease) may indicate a restructuring or increased reliance on contractors. With no auditor mentioned, the figures rely on unaudited statements.

Overall, Hi-Tech Coatings International Ltd appears to be navigating a period of financial strain. While its core coating services remain active and well-regarded, the company will need to address its declining equity and manage its cash flow to ensure long-term sustainability.

Registered in England/Wales under the registration number 04386890, with a registered address at WA14 2DT, United Kingdom, Altrincham, Cheshire, 3rd Floor 1 Ashley Road.

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