Platinum Building Chemicals Limited

Platinum Building Chemicals Ltd, based in Glasgow, UK, is a small, active company established 17 years ago. Employing five people, it holds £476,470 in assets and operates from a real address on Kelvin Industrial Estate. With three directors and two owners, the company runs an e-commerce site and enjoys a stellar 5.0 Google rating based on 59 reviews. It’s a regular importer of plastics and plastic products, with recent activity recorded in October 2024.

The company's website showcases a wide range of products, from damp proofing solutions and waterproofing membranes to structural repair systems and sealants. It caters to both trade professionals and DIY enthusiasts, offering a comprehensive selection of building materials and related accessories. The site is well-organized, with clear product categories and detailed descriptions, and even features a blog with helpful articles and guides. It appears to be a well-established online retailer with a strong focus on quality and customer service.

Financially, Platinum Building Chemicals Ltd presents a mixed picture. While cash bank on hand increased by a substantial 35% to £370,000, debtors decreased significantly by 73% to £27,000—a worrying trend suggesting potential issues with collecting payments. Creditors also decreased by 8.7%, which could indicate improved debt management. Net current assets liabilities, however, increased by 5.4% to £300,000. The company’s small size (meeting two of three criteria for a small company) helps it remain agile, but the decrease in debtors warrants further scrutiny. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

The company’s focus on regular imports and its strong online presence suggests a business that’s actively engaged in the market. However, the financial data indicates a need to carefully monitor cash flow and debtor management to ensure long-term stability.

Registered in Scotland under the registration number SC336045, with a registered address at G75 0PZ, Scotland, Glasgow, 65 Colvilles Place, Kelvin Industrial Estate, East Kilbride.

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