Intercoat Industrial Paints Limited

Intercoat Industrial Paints Ltd from West Midlands UK is a small, holding company with an active status, celebrating 50 years since its founding in 1975. Employing 59 people, the company holds assets totaling £2,644,969. With five directors and one owner, it maintains a real address and boasts a stellar Google rating of 5.0 based on three reviews. A regular importer of tanning and dyeing products (28 months imported), Intercoat serves as a key player in the UK coatings market.

The company operates in the manufacture of paints, varnishes, and similar coatings, mastics, and sealants industries. Its website, intercoatpaints.co.uk, showcases a wide range of wood, metal, and plastic coatings, emphasizing bespoke solutions and sustainable options. The site highlights a focus on expert support, high-quality products, and a heritage of innovation. It even has a section dedicated to case studies, demonstrating its work in diverse sectors, from commercial shop fitting to casket manufacturing.

Financially, Intercoat shows some concerning trends. Current assets have fallen by 22% to £2,600,000, while net assets have plummeted 52% to £130,000. Bank borrowings have increased significantly, and cash reserves have declined by 23% to £760,000. Debtor collections have also slowed, with a 39% decrease in trade debtors. Despite these challenges, creditors have decreased by 17%, suggesting improved debt management. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the significant equity drop warrants attention. No auditor is mentioned, likely due to the company's exemption as a small entity, meaning the figures are unaudited.

Overall, Intercoat Industrial Paints Ltd appears to be navigating a period of financial pressure, despite its strong reputation and established presence in the UK coatings market. The company's long history and commitment to innovation suggest it has the potential to weather these challenges, but close monitoring of its financial performance will be crucial.

Registered in England/Wales under the registration number 01211454, with a registered address at WS2 9NW, West Midlands, Bridgeman Street, Walsall.

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