Performance Fluids Limited

Performance Fluids Ltd, based in Nelson, UK, is a small, holding company with an active status. Established 25 years ago, it employs 25 people and holds assets worth £3,781,913. The company, with five directors and one owner, operates from a real address and has a long history of importing plastics and plastic products (54 months) and exporting soaps, cleaning products, and waxes (45 months).

The company's website showcases its role as "World Leading Innovators of Specialist Lubricants," specializing in the design, development, and supply of lubricants for various industries, including rubber, food, metalworking, and PFPE. It appears to operate primarily through its website, offering a range of products and services, including bespoke solutions and consultations. There's no obvious e-commerce functionality—customers are encouraged to contact the company directly.

Financially, Performance Fluids Ltd presents a mixed picture. While cash reserves increased by 2.5% to £760,000, net assets decreased by 7.3% to £740,000. Current assets also dropped by 2.0% to £3,800,000. Bank borrowings vanished completely, a positive sign, but trade debtors increased by 4.7% to £1,700,000, which could indicate slower customer payments. Creditors, however, decreased by 31%, suggesting better debt management. The company's small size—meeting two of three criteria for being classified as small—allows for agility, but the decline in equity warrants further investigation. The company is exempt from an audit, so the financial statements are unaudited.

The increase in future minimum lease payments, dropping by 20%, could indicate a restructuring of its operational costs. The company’s long-standing presence in the industry and its focus on specialized lubricants suggest a stable business model, but the recent financial trends highlight the need for careful management.

Registered in England/Wales under the registration number 03934798, with a registered address at BB9 8TF, United Kingdom, Nelson, Lancashire, Unit 1 Hodge Bank Business Park, Reedyford Road Road.

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