Recreational Coatings Limited

Recreational Coatings Ltd from Manchester UK: a small holding company with an active status, was founded 26 years ago. The company employs six people and holds £69,063 in assets, operating from a virtual address. With two directors and one owner, it maintains a perfect 5.0 Google rating based on ten reviews. It’s an irregular importer, primarily dealing in carpets and textile floor coverings, with its last import operation occurring one months ago.

The company specializes in sports and gym flooring, offering bespoke solutions for various facilities, from primary schools to professional clubs. Its website highlights a wide range of flooring systems, including timber, vinyl, and polyurethane, all compliant with Sport England standards. Recreational Coatings also provides a fully customized flooring service, including bespoke colors and logos. It even has a division dedicated to piano restoration, operating from Cambridge and boasting a showroom in Harrods.

Financially, Recreational Coatings Ltd has experienced some turbulence. Current assets have plummeted by 75%, dropping to £69,000, while net assets have fallen by a staggering 140%, reaching -£86,000. Bank borrowings have vanished entirely, and cash reserves have dwindled to just £150. Trade debtors have also decreased significantly, suggesting a possible struggle to collect payments. Creditors, however, have decreased slightly, which is a positive sign. As a small company (meeting two of three criteria), it benefits from flexibility, but the dramatic equity decline warrants closer scrutiny. With no auditor mentioned, the figures are unaudited.

Overall, Recreational Coatings Ltd seems to be navigating a challenging period, with its diverse ventures—from flooring to piano restoration—potentially facing headwinds.

Registered in England/Wales under the registration number 03675239, with a registered address at M2 3BD, United Kingdom, Manchester, Xeinadin Manchester, 100 Barbirolli Square.

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