New Guard Coatings Limited

New Guard Coatings Ltd from West Yorkshire UK: a small, holding company with an active status, was founded 48 years ago. The business employs 25 people and holds £2,154,203 in assets, operating from a real address. Six directors and two owners manage the company, which regularly imports and exports tanning and dyeing products – 37 months of imports and 10 months of exports respectively.

The company operates as a distributor of industrial paints and coatings, catering to steel, metal, building maintenance, concrete, and wood applications. Its website showcases a wide range of products, from primers and tank linings to fire protection and anti-graffiti coatings. While not a traditional e-commerce site, the website provides extensive product information, technical resources, and blog content, positioning New Guard Coatings as a specialist supplier. It’s clear they focus on B2B sales, offering technical support and colour matching services.

Financially, New Guard Coatings Ltd presents a mixed picture. Furniture fittings saw a slight increase in depreciation, but leasehold improvements declined significantly. Average employee numbers rose by 20% to 30, which is a positive sign. However, net assets dropped by 18% to £620,000, and cash reserves fell by 4.3% to £1,600. Bank borrowings increased, and creditors decreased slightly. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of auditor information suggests they are exempt from an audit.

The company’s growth in employees and the ongoing import/export activity suggest continued operational activity. However, the decline in net assets warrants further investigation, potentially reflecting increased investment or changing market conditions. It’s likely the company is navigating the challenges of a competitive market while maintaining its focus on technical expertise and customer service.

Registered in England/Wales under the registration number 01304607, with a registered address at LS22 7DN, West Yorkshire, Sandbeck Way, Wetherby.

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