Specialist Coatings Limited

Specialist Coatings Ltd from Darlington, UK, is a large, active company founded 32 years ago. With 88 employees and £3,463,324 in assets, it’s a well-established family business operating from a real address and overseen by two directors and three owners. The company is an irregular importer of optical and medical tools and devices, with one month of imports recorded, and an irregular exporter of rubber and rubber products, with one month of exports.

The company operates in the other business support service activities n.e.c. industries. It’s a large company as it met two conditions of three: turnover more than £36 million, balance sheet more than £18 million, and employees more than 250. The company is a irregular importer, with its top import category being Optical and medical tools and devices, totaling 1 months of imports. The last import operation was conducted on January 01, 2023. The company is a irregular exporter, with its top export categories including Rubber and rubber products, totaling 1 of months exports. The last export operation took place on May 01, 2019.

Unfortunately, there’s no website to analyze, so it’s impossible to determine if the company operates an e-commerce platform or engages in any online sales.

Financially, Specialist Coatings Ltd shows some concerning trends. While net assets remain stable, the company's bank borrowings have increased significantly, suggesting a need for external financing. The average number of employees has decreased by 14%, which could be a result of restructuring or reduced demand. The company's administrative expenses have risen substantially, by 33%, which could be attributed to increased operational costs or investments in new technologies. Cash bank on hand has decreased by 26%, indicating a potential strain on liquidity. Despite these challenges, the company's revenue seems to have remained relatively stable, suggesting that it is still generating a decent amount of sales. The company's auditor is Robson Laidler Accountants Limited.

Overall, Specialist Coatings Ltd appears to be a company facing some financial pressures, but it’s still a sizable operation with a long history. The increase in borrowing and decrease in cash reserves are worth monitoring closely, but the company’s established presence and continued sales suggest that it has the potential to weather these challenges.

Registered in England/Wales under the registration number 02792107, with a registered address at DL3 0PP, Darlington, County Durham, Faverdale, Faverdale Industrial Estate.

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