Multibond Solutions Limited

Multibond Solutions Ltd, based in Spennymoor, UK, is a small holding company with an active status, established 24 years ago. Employing five people, the company holds £701,161 in assets and operates from a real address. With three directors and one owner, Multibond Solutions Ltd regularly imports natural and modified starches, glues, and enzymes (for three months), and exports them irregularly (for two months). The company’s website, shopmultibondsolutions.co.uk, showcases a wide range of adhesives, sealants, tapes, and engineering products, catering to industrial and commercial customers.

The website’s design is clean and user-friendly, with a focus on product categories and brands. It features a sale section, highlighting discounted items, and offers next-working-day delivery on stocked items. The site also emphasizes secure payment options and customer support. The business appears to be primarily ecommerce, with a focus on wholesale distribution rather than direct-to-consumer sales.

Financially, Multibond Solutions Ltd presents a mixed picture. Current assets have decreased by 18% to £700,000, while cash bank on hand has fallen by a significant 22% to £110,000. Trade debtors have also dropped by 19% to £480,000, suggesting improved collection rates. However, net assets have declined by 4% to £330,000, and future minimum lease payments have increased to £26,000. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the drop in cash reserves is something to keep an eye on. As a small company, it’s exempt from an audit, so the financial statements are unaudited. The company’s focus on a specialized product range and strong brand partnerships, like 3M and Scigrip, seems to be a good strategy for success, but the financial data indicates some challenges.

Registered in England/Wales under the registration number 04002882, with a registered address at DL16 6JF, England, Spennymoor, County Durham, Unit 10 Enterprise City, Meadowfield Avenue.

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