Paint Test Equipment Limited

Paint Test Equipment Limited, based in Congleton, UK, is a small, active company founded thirteen years ago in 2012. With seven employees and £103,673 in assets, it operates from a real address and is managed by three directors and a single owner. The company regularly imports and exports optical and medical tools and devices, with 15 months of import activity and 119 months of export activity recorded, the latest in February 2025.

The company specializes in the manufacture of electronic measuring and testing equipment, not for industrial process control industries. It’s a small business, meeting two of the three criteria for a small company: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The company’s website, though not provided, likely serves as a platform for showcasing its products and services to a global audience.

Financially, Paint Test Equipment Limited presents a mixed picture. Accumulated depreciation on its computer equipment has increased by 63%, while furniture fittings have remained stable. The company's cash bank on hand has slightly increased to £28,000, but creditors have risen by 8.1% to £95,000. A significant drop in current assets, down 3.4% to £100,000, and a 26% decrease in equity to £50,000, are notable. Trade debtors have also decreased by 20%, which could indicate better debt collection or reduced sales. The company's net current assets and liabilities have decreased significantly.

The company’s accounts are unaudited, likely due to its small size and exemption from audit. The lack of an auditor's name suggests reliance on director-reported data. While the company’s core business appears stable, the decline in equity and current assets warrants attention. It's likely the company is experiencing typical challenges for a small business, but the trends should be monitored closely to ensure long-term financial health.

Registered in England/Wales under the registration number 08008609, with a registered address at CW12 4TR, Congleton, Cheshire, 3 & 4 The Courtyard, Greenfield Farm Industrial Estate.

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