Premium Spray Insulation Ltd

Premium Spray Insulation Ltd is a small, family-run business based in Chipping Norton, UK. Founded ten years ago in 2015, the company is currently active and employs four people, holding assets of £257,857. It operates from a real address and is managed by three directors and two owners, Rice Nadine and Rice Ryan Garreth. The company specializes in spray foam insulation and surface protection, working with BASF-approved materials and offering services to both domestic and commercial clients. It’s also an irregular importer, with its top import category being tanning and dyeing products, with the last import operation made in August 2023.

The company’s website highlights its expertise in spray foam and coatings, offering solutions for cavity walls, roofs, and surface protection. It caters to a wide range of applications, from residential refurbishments to large-scale agricultural and marine projects. It’s clear that Premium Spray Insulation Ltd focuses on providing specialist insulation and waterproofing services, with a strong emphasis on quality and technical expertise.

Financially, Premium Spray Insulation Ltd shows a mixed picture. Current assets have decreased by 16%, dropping to £260,000, while net assets have also fallen by 17%, reaching £180,000. Cash reserves have increased by 57%, rising to £67,000, which is a positive sign. However, trade debtors have fallen by a significant 56%, dropping to £68,000, suggesting potential issues with customer payments. The company’s small size (meeting two of three conditions for a small company) allows for flexibility, but the decrease in debtors could be a cause for concern. No auditor is mentioned, which is typical for small companies.

Overall, Premium Spray Insulation Ltd appears to be navigating a period of change. While cash reserves are up, the decrease in debtors and the drop in net assets suggest the company may be burning through money. The family-run nature of the business and its focus on specialist services could provide a buffer against broader economic pressures, but careful management of cash flow will be crucial for its continued success.

Registered in England/Wales under the registration number 09511507, with a registered address at OX7 5LL, Chipping Norton, Oxon, Finsbury House, New Street.

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