Poeton Industries Limited

Poeton Industries Ltd, based in Gloucester, UK, is a 95-year-old holding company with an active status, employing 155 people. The company holds assets worth £5,546,287 and generates an annual revenue of £15,327,923. It’s managed by two directors and has one owner, and boasts a respectable Google rating of 4.0 based on seven reviews. Poeton Industries regularly imports and exports machinery, boilers, and mechanical appliances, parts.

The company operates as a surface treatment specialist, offering a wide range of coatings and services. Its website details treatments for various materials, including aluminium, copper, and steel, catering to industries like automotive, aerospace, and food & drink. They even have a dedicated research and development team working on future coatings.

Financially, Poeton Industries shows some interesting trends. Current assets increased by 23%, reaching £5.5 million, while net assets increased by 17%, reaching £2.7 million. Bank borrowings decreased significantly, falling by 84% to £29,000, and cash reserves increased by 16% to £28,000. Creditors decreased by 18%, suggesting improved debt management. The company meets two of three criteria to be considered a large company, with a turnover of over £36 million, balance sheet total over £18 million, and more than 250 employees.

The decrease in deferred tax expense credit is a notable point, falling by 96%. While the company's assets and revenue are substantial, the decrease in deferred tax could indicate changes in tax strategies or business operations. The lack of an auditor mentioned suggests the company is exempt from an audit, relying on unaudited statements. Overall, Poeton Industries Ltd appears to be financially stable, with a strong market position and a focus on innovation.

Registered in England/Wales under the registration number 00246071, with a registered address at GL4 3DN, Gloucester, Eastern Avenue.

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