Power Adhesives Limited

Power Adhesives Ltd, based in Basildon, UK, is a well-established company with a 50-year history. This large company, operating as a holding company, boasts 66 employees and holds assets worth £15,289,788. It’s an active business with a real address and is overseen by four directors and one owner. A Google rating of 3.0 from just two reviews suggests room for improvement in customer perception. The company regularly imports electrical machinery and equipment (199 months) and exports machinery, boilers, and mechanical appliances (264 months).

The company's website paints a picture of a specialist manufacturer of hot melt adhesives, catering to a wide range of industries from construction to arts and crafts. They offer not just adhesives but also applicators and even biodegradable options, positioning themselves as innovators in the field. Their website highlights markets they serve, including construction, industrial manufacturing, and even DIY projects, showcasing the versatility of their products. They also have a strong emphasis on providing solutions for specific applications, such as composite layup and wood repair.

Financially, Power Adhesives Ltd presents a mixed bag. While net assets increased by a significant 40% to £14 million, bank borrowings surged by a whopping 930%, reaching £8.8 million. This suggests a reliance on debt financing, which could be a concern. Creditors also increased by 26%, indicating a build-up in short-term liabilities. However, cash reserves improved by 110%, reaching £2 million, which is a positive sign. The company's turnover decreased by 39%, falling to £5.6 million, and administrative expenses decreased by 65%, which is a good sign. The company’s auditor is Moore Kingston Smith LLP.

The sharp increase in borrowings, despite improved cash reserves, warrants closer scrutiny. Perhaps the company is investing in new equipment or expanding operations—but the trend is something to watch. The decrease in turnover could be a result of market conditions or increased competition. Overall, Power Adhesives Ltd appears to be a resilient business navigating a complex financial landscape.

Registered in England/Wales under the registration number 01193164, with a registered address at SS13 1TN, Basildon, Essex, 1 Lords Way.

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