Plascoat Systems Limited

Plascoat Systems Ltd, based in Surrey, UK, is a substantial player in the plastics industry, holding company status, and boasting 72 years of operation. With 31 employees and £8.662 million in assets, the company maintains a real address and is overseen by two directors and one owner. Its Google rating stands at a respectable 4.0 based on four reviews. Plascoat Systems is a regular importer and exporter of plastics and plastic products, with 153 months of import activity and 316 months of export activity recorded.

The company's core business revolves around the manufacture of plastics in primary forms, as evidenced by its website and associated companies like Plascoat Holdings Limited and Plascoat Pension Trustees Limited. It even owns companies like Plascoat Corp and Plascoat Europe BV. Previously known as Plascoat U.K. Limited and Plastic Coatings Limited, the company has a rich history.

Financially, Plascoat Systems Ltd presents a mixed picture. While revenue increased by 10.3% to £11 million, net assets decreased by 14.6% to £4.9 million. Cash bank on hand fell significantly by 71% to £160,000. Trade debtors increased by 19% to £780,000, suggesting potential issues with customer payments. Administrative expenses, however, jumped by a staggering 170% to £1.4 million, a trend that warrants further investigation. The company's size—meeting two of three criteria for a large company—indicates a substantial operation. The audit firm, Johnston Carmichael LLP, conducted the audit.

The sharp increase in administrative expenses, coupled with the decline in cash reserves, suggests that Plascoat Systems Ltd may be facing financial pressures. However, the company's long history, established market presence, and ongoing import/export activity suggest resilience. The directors’ list was changed eighteen days ago, a good sign to sell them something.

Registered in England/Wales under the registration number 00514584, with a registered address at GU9 9NY, Surrey, Trading Estate, Farnham.

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