Plastic Coatings Limited

Plastic Coatings Limited, based in Kingswinford, West Midlands, UK, is a small, holding company with an active status. Established 22 years ago in May 2002, the company employs 85 people and holds assets worth £1,838,331. It operates from a real address and is managed by three directors and one owner. The business regularly exports iron or steel products (3 months), but imports them irregularly (2 months).

The company's core business revolves around providing performance coatings for various industries. Its website details a comprehensive range of coating processes, including wet spray, powder coating, and dip coating, catering to sectors like automotive, aerospace, medical, and construction. It’s not an e-commerce site, but rather a service provider, offering bespoke coating solutions. The company has thirteen coating lines and prides itself on quality, speed, and expertise, backed by certifications like ISO9001 and IATF 16949.

Financially, Plastic Coatings Limited has experienced some challenges. Current assets have decreased by 42%, dropping to £1,800,000, while net assets have fallen by a substantial 62%, reaching £1,400,000. Bank borrowings have increased dramatically, rising by 100% to £1,600,000, and cash reserves have plummeted 88%, leaving just £210,000. Creditors have also decreased by 21%, suggesting better debt management. The company meets the criteria for a small company, with a turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of a named auditor is likely due to its small size.

The significant increase in bank borrowings, coupled with the decline in cash reserves, suggests the company may be investing heavily or facing increased operational costs. It’s possible the acquisition by Plastic Coatings EOT Limited, mentioned in the financial report, contributed to this shift. While the company’s reputation and certifications demonstrate a commitment to quality, the financial data indicates a period of adjustment and potential strain.

Registered in England/Wales under the registration number 04452705, with a registered address at DY6 7JY, England, West Midlands, Ham Lane, Kingswinford.

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