Karas Plating Limited

Karas Plating Ltd from Southport UK: a small company, holding company, with an active status, has been operating for 30 years. Employing 34 people and holding assets of £2,629,048, the business maintains a virtual address and is overseen by two directors and one owner, boasting a stellar 5.0 Google rating from 12 reviews. The company irregularly imports machinery, boilers, and mechanical appliances (parts, for 2 months), while regularly exporting iron or steel products (5 months).

The business specializes in the treatment and coating of metals, offering a wide range of processes like silver plating, gold plating, and zinc plating. Its website details services for sectors including aerospace, automotive, and defence, showcasing a commitment to quality and accreditation. Karas Plating operates a lean production system, investing in state-of-the-art equipment and employing a team with an average of fifteen years of experience. It even has its own vehicle fleet for collection and returns.

Financially, Karas Plating Ltd presents a mixed picture. Cash bank on hand increased significantly by 120%, reaching £320,000, a positive sign. However, equity decreased by 24%, falling to £1,600,000, and net assets also declined, dropping to £1,600,000. Debtors increased by 5%, reaching £1,900,000, while creditors decreased slightly, falling to £460,000. Despite these fluctuations, the company's small size (meeting two of three criteria for a small company) allows for agility. The lack of an auditor mentioned suggests the company is exempt from an audit as a small entity.

The company’s financial statements are unaudited, and the decrease in equity raises some questions, but the increase in cash reserves suggests a degree of financial health. It’s clear Karas Plating is navigating the challenges of a competitive market, relying on its experienced team and commitment to quality to maintain its position.

Registered in England/Wales under the registration number 02970659, with a registered address at PR9 0PR, England, Southport, Merseyside, 71-73 Hoghton Street.

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