Pafra Adhesives Limited

Pafra Adhesives Ltd, based in Basildon, UK, is a large, holding company with an active status, celebrating 65 years in business. Employing 25 people, the company boasts assets of £4,911,271 and a yearly revenue of £11,623,659. It has a real address, is overseen by four directors, and owned by one individual. A solid 4.0 Google rating from just three reviews suggests a positive customer experience. The company regularly imports and exports plastics and plastic products, with 89 months of import activity and 40 months of export activity recorded.

The company’s website doesn't provide much detail about its operations beyond a general description of its products and services. It's unclear if Pafra Adhesives operates an e-commerce site or primarily serves business-to-business clients. There’s no obvious online storefront or direct sales platform.

Financially, Pafra Adhesives Ltd presents a mixed picture. While assets remain relatively stable, several key metrics show concerning trends. Accrued liabilities have increased significantly, jumping 600% to £95,000. Amortisation expense for intangible assets has also risen substantially, increasing by 160% to £190,000. Administrative expenses have ballooned by 58%, reaching £1.9 million, which could indicate increased overhead costs. However, cash bank on hand has improved by 87%, rising to £1.3 million, suggesting better cash flow management. The company’s turnover has increased by a considerable 35%, reaching £12 million, which is a positive sign, but it's important to note that the company’s net assets have only increased by a modest 3.1%, indicating that profits aren’t necessarily translating into increased equity. The company’s bank borrowings have also increased, suggesting it is relying more on debt financing.

The company meets two of the three criteria to be considered a large company, with a turnover exceeding £36 million and a balance sheet total exceeding £18 million. The lack of a mention of an auditor suggests the company is exempt from an audit, and the financial statements are therefore unaudited. Overall, Pafra Adhesives Ltd appears to be a sizable operation facing some financial headwinds, with rising expenses and a reliance on debt.

Registered in England/Wales under the registration number 00644949, with a registered address at SS14 3BU, England, Basildon, Essex, Pafra House, Bentalls.

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