Siltech Limited

Siltech Ltd from Nottingham UK: a small, active company founded 19 years ago, employs six people, and holds £384,336 in assets. It’s a real address with three directors and one owner. The company regularly imports organic chemicals (37 months) and exports tanning and dyeing products (102 months).

Siltech specializes in developing and manufacturing smart inks, lacquers, and labels, catering to industries like printing, packaging, security, and medical sterilization. Their website highlights innovative products responding to stimuli like heat, UV radiation, and steam, used in applications ranging from tamper-evident labels to museum-grade piano restoration. It’s a niche market, and the website is well-designed.

Financially, Siltech’s picture is mixed. Current assets declined by 23%, falling to £280,000, while net assets dropped by 27%, settling at £460,000. Bank borrowings increased, reaching £29,000, and cash reserves decreased by 140%, down to £52,000. Creditors also decreased, suggesting better management of short-term liabilities. The company meets the criteria to be a small company, and no auditor is mentioned, so the financial statements are unaudited. Development costs capitalised have increased, which could indicate investment in new product lines.

The company's turnover is likely under £10.2 million, and its balance sheet total is under £5.1 million, so it’s a small company. It seems like the company is facing some financial pressures, but it's also investing in new technologies.

Registered in England/Wales under the registration number 05686722, with a registered address at NG7 2FH, United Kingdom, Nottingham, Nottinghamshire, Siltech Limited Church Street, Lenton.

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