Rainbow Paints Ltd

Rainbow Paints Ltd, based in Dorset, UK, is a small, active family business established 17 years ago. With 20 employees and £964,004 in assets, it operates from a real address and is managed by two directors and owners. The company regularly imports miscellaneous chemical products, with the last import operation occurring in March 2024. Rainbow Paints manufactures paints, varnishes, coatings, mastics, and sealants.

While the company's website isn't available for review, its core business is clearly focused on paint and coating production. It seems to be a traditional, B2B operation rather than a direct-to-consumer ecommerce venture.

Financially, Rainbow Paints Ltd shows a mixed picture. Current assets decreased by 4.7% to £960,000, while net assets fell 11% to £510,000. Bank borrowings decreased by 49%, and cash reserves fell 14% to £320,000. Trade debtors remained relatively stable, while trade creditors increased by 16%. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain agile. The decrease in equity, however, suggests a need to manage finances more closely. With no auditor mentioned (likely exempt as a small company), the unaudited figures rely on director-reported data.

The company's directors, Dorey Donna Ada and Dorey Peter Herbert, have been in place for seven and two years respectively. The company's financial data indicates a possible need to monitor expenses and potentially explore new revenue streams to maintain financial stability.

Registered in England/Wales under the registration number 06267909, with a registered address at BH14 8UF, Dorset, 21 Church Road, Parkstone, Poole.

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