Independent Paint Supplies Ltd

Independent Paint Supplies Ltd, based in Swansea, UK, is a small, active company established six years ago. Employing 28 people and holding £1,418,268 in assets, it’s a solid player in the local market. The business, managed by three directors and a single owner, maintains a perfect 5.0 Google rating from 52 reviews, a testament to its customer service. It regularly imports tanning and dyeing products, with the most recent shipment recorded in October 2024.

The company operates in the retail trade of motor vehicle parts and accessories, likely serving local garages and auto enthusiasts. While a website isn't available to examine, the nature of the business suggests a focus on supplying essential parts and accessories—a vital service for the automotive sector.

Financially, Independent Paint Supplies Ltd shows a mixed picture. Current assets have increased by a healthy 35% to £1,400,000, and cash reserves have seen a significant jump of 76% to £320,000. However, net losses have deepened to -£23,000, and bank borrowings have increased, reaching £17,000. Creditors have also risen by 25%, suggesting a greater reliance on supplier credit. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the increased debt warrants attention. There’s no mention of an auditor, which is typical for a small, exempt company.

Overall, Independent Paint Supplies Ltd appears to be growing, but it’s important to monitor its debt levels and ensure sustainable profitability. The company’s strong Google rating suggests a loyal customer base, which will be crucial for navigating any financial headwinds.

Registered in England/Wales under the registration number 11823990, with a registered address at SA6 8QQ, United Kingdom, Swansea, Unit 2 St. Johns Court, Swansea Enterprise Park.

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