Select Colours Limited

Select Colours Ltd, based in Wrexham, UK, is a small, active company founded 17 years ago. With a single employee and £44,400 in assets, it’s a compact operation run by two directors and one owner. The company is an irregular importer, primarily dealing with miscellaneous chemical products—the last import occurred just one month ago in May 2024. It operates within the other professional, scientific and technical activities n.e.c. industries.

The company’s website highlights its expertise as a colour additive masterbatch supplier to the thermoplastics industry. It offers bespoke solutions, including granule, powder, and liquid benefits, and emphasizes a reliable supply chain, ISO 9001:2015 accreditation, and rapid turnaround times. The site also features a "Chat with us" function powered by LiveChat, suggesting a focus on customer engagement. It’s clear they’re aiming to be a specialist, offering tailored solutions and technical support.

Financially, Select Colours Ltd presents a concerning picture. Net assets have plummeted by 75%, dropping to just £7,200—a significant decline from £29,000 the previous year. Cash reserves have also suffered, decreasing by 66% to £11,000. Current assets are down 53%, and trade debtors have fallen by 46%. While creditors have decreased by 44%, the overall trend suggests the company is burning through cash. The company meets two of the three criteria for being a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it’s likely exempt from an audit, so these figures are unaudited.

The sharp decline in equity and cash reserves warrants attention. While the company’s website projects a professional image and specialized service, the financial data suggests it's facing financial pressures. Whether this is a temporary setback or a longer-term challenge remains to be seen, but Select Colours Ltd will need to address these trends to ensure its long-term viability.

Registered in England/Wales under the registration number 06563087, with a registered address at LL13 7YP, Wrexham, Clwyd, C/O Allen Accountancy Unit 13 Gwenfro Units, Wrexham Technology Park.

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