H.m.g. Powder Coatings Limited

H.M.G. Powder Coatings Limited, based in Belfast, UK, is a small, holding company with an active status. Established thirty-six years ago in 1988, the company employs forty-two people and holds assets valued at £4,531,769. With seven directors and one owner, it operates from a real address within the Castlereagh Industrial Estate. The company regularly imports plastics and plastic products (eight months of imports, latest in February 2025) and exports tanning and dyeing products (nine months of exports, latest in April 2024).

The company’s website is unavailable for review, making it difficult to assess their online presence or e-commerce activities.

Financially, H.M.G. Powder Coatings Limited presents a mixed picture. Current assets increased by 9.2% to £4,500,000, while net assets grew by 13% to £4,300,000. Cash bank on hand saw a significant increase of 53%, reaching £1,300,000. However, trade creditors decreased by 34%, suggesting a reduction in outstanding payments to suppliers. Bank borrowings decreased by 20%, and the company’s net losses deepened to -£23,000. The company meets two of the three criteria for being a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. With no auditor mentioned, the figures are unaudited.

The company’s growth in cash reserves and assets suggests a period of stability, but the increase in net losses indicates potential challenges in profitability. The decrease in trade creditors could be a positive sign of improved financial management, or it could mean they are struggling to pay their suppliers.

Registered in Northern Ireland under the registration number NI021911, with a registered address at BT6 9HU, Northern Ireland, Belfast, County Down, Hmg Dill Road, Castlereagh Ind Estate.

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