Sealock Limited

Sealock Ltd from Andover UK: small company, active status, founded 42 years ago, 19 employees, £2,809,316 assets, real address, 5 directors, 1 owner, google rating 4.0 based on 1 reviews. Regular importer of plastics and plastic products (79 months imported). Regular exporter of plastics and plastic products (53 months exported). Sealock Limited is a manufacturer and supplier of performance industrial adhesives, operating from its Andover factory in Hampshire. The company, established forty-two years ago, is a small entity meeting two of the three criteria for small business status: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. It currently employs nineteen people and holds assets worth £2,809,316.

The company’s website details a focus on adhesives for various industries, including packaging, woodworking, and print finishing. It's clear they are not primarily an e-commerce business, but rather a B2B supplier. They manufacture hot melt and aqueous adhesives, often tailoring solutions to meet specific customer requirements. The site highlights a commitment to research and development and long-term partnerships, suggesting a focus on building relationships rather than just selling products. They’re recognised for their ability to finetune adhesives, and have even been acquired by Follmann Chemie GmbH, a family-owned German company.

Financially, Sealock Ltd shows some concerning trends. Current assets have fallen by 19%, dropping to £2,800,000, while net assets have increased by 22%, reaching £3,700,000. Bank borrowings remain stable at £700, and cash reserves have significantly decreased by 63%, falling to £350,000. Trade debtors have increased by 15%, reaching £1,300,000, which could indicate a need to manage customer payments more effectively. Creditors have decreased by 50%, which is a positive sign, suggesting improved debt management. The company’s small size and the fact that no auditor is mentioned (likely exempt as a small company) means that these figures are unaudited.

Overall, Sealock Ltd appears to be a well-established, albeit small, business facing some financial pressures. The acquisition by a larger company could provide stability and access to new resources, but it remains to be seen whether they can successfully navigate these challenges.

Registered in England/Wales under the registration number 01725851, with a registered address at SP10 5NU, Andover, Hampshire, Scott Close, Walworth Industrial Estate.

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