R.wilson & Co.(platers)limited

R. Wilson & Co. (Platers) Limited, based in Whittington Moor, UK, is a small, holding company with an active status, celebrating 77 years in business. Employing 38 people and holding assets of £2,061,163, it’s a well-established operation with a real registered address and three directors. The company is owned by Earlystate Ltd. and boasts a stellar 5.0 Google rating from a single review. It's an irregular importer and exporter, dealing primarily in machinery, boilers, and mechanical appliances; parts, with recent activity recorded in 2020 and 2021.

The company, now known as UKChrome, specializes in electroplating, chrome plating, and industrial bronze plating. Originally founded as R. Wilson Co. Ltd. in 1948, it has evolved into a leader in specialised electroplating, serving both local and worldwide customers. The website highlights a modern plant, technical expertise, and a commitment to quality assurance, including ISO 9001:2015 status. The business operates from a 25,000 square foot facility and even offers services like museum-grade piano restoration through its 1066 Pianos division.

Financially, the picture is a little more complex. While current assets remained relatively stable at £2,100,000, net assets took a hit, dropping 9.5% to £2,000,000. Bank borrowings increased significantly, rising 84% to £340,000, while cash reserves only grew a little, up 10% to £20,000. Creditors decreased by 18%, which is a positive sign. The company meets the criteria for a small business, with turnover under £10.2 million and fewer than 50 employees. The accounts are unaudited, as is common for small companies.

The increase in borrowings, despite the decrease in creditors, suggests the company may be investing in its operations or facing short-term cash flow challenges. The drop in net assets, however, warrants further investigation. While the business has a strong reputation and a long history, these trends indicate a need for careful financial management.

Registered in England/Wales under the registration number 00449802, with a registered address at S41 8NH, Whittington Moor, Chesterfield, Zachrome Works, Sheffield Road.

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