Ptfe Applied Coatings Ltd

Ptfe Applied Coatings Ltd, based in Worthing, UK, is a small, holding company with an active status. Founded eight years ago in 2017, it employs seven people and holds £285,507 in assets. The company operates from a real address and is overseen by two directors and one owner, boasting a stellar 5.0 Google rating from just three reviews. It's an irregular importer of plastics and plastic products, with recent activity recorded two months ago.

The company’s core business revolves around the manufacture of paints, varnishes, mastics, and sealants – industries that require specialized coatings. While a website isn’s available to analyze, the company’s description suggests a B2B focus, supplying coatings to industrial clients.

Financially, Ptfe Applied Coatings Ltd presents a mixed picture. Cash reserves have taken a significant hit, plummeting 86% to just £25,000. Trade debtors have also increased substantially, jumping 210% to £240,000, which could indicate difficulties in collecting payments. However, creditors have also increased by 100%, reaching £140,000, which may be a result of increased supply chain costs. Equity has fallen by 40% to £120,000. The company’s small size—meeting two of three conditions for being considered small—helps it remain nimble, but the decline in equity is concerning. The accounts are unaudited, as is common for small companies, and no auditor is mentioned.

Overall, Ptfe Applied Coatings Ltd appears to be facing some financial headwinds, although its strong Google rating suggests customer satisfaction remains high. Whether it can navigate these challenges and sustain its operations remains to be seen.

Registered in England/Wales under the registration number 10630574, with a registered address at BN14 8NW, England, Worthing, Industrial Estate Unit C Dominion Way, East.

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