Spi Performance Coatings Limited

SPI Performance Coatings Ltd, based in Swindon, UK, is a small, active family business founded twelve years ago. Employing five people, the company holds £805,180 in assets and operates from a real address. With three directors and two owners, it’s a relatively lean operation. The company regularly imports plastics and plastic products, with 33 months of import activity recorded, the most recent in February 2025. It also exports vehicles, parts, and accessories irregularly, with just one month of export activity noted, dating back to June 2017.

The company’s website highlights its role as a distributor of high-performance coatings and solutions for various industries, including oil & gas, utilities, telecoms, and defence. It partners with Specialty Products Inc., a 40-year-old US-based manufacturer, offering a range of polyurea coatings and related services. The website showcases its expertise in protective lining, corrosion mitigation, and specialized coatings for industrial applications. It’s clear that SPI Performance Coatings positions itself as a specialist provider, rather than a general supplier.

Financially, SPI Performance Coatings Ltd demonstrates a mixed picture. Current assets increased by 4.3% to £810,000, while net assets saw a significant jump of 29% to £540,000. Bank borrowings decreased by 40% to £15,000, and cash reserves rose by 35% to £120,000—a positive sign. However, trade debtors increased by 4.6%, suggesting potential issues with customer payments. Creditors decreased by 22%, indicating improved debt management. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. No auditor is mentioned, likely due to the company’s small size and exemption from an audit.

Overall, SPI Performance Coatings Ltd appears to be financially healthy, with growing assets and improved cash reserves. The company's focus on specialized coatings and its partnership with a well-established US manufacturer seem to be contributing to its success. The increase in trade debtors should be monitored, but the company’s overall financial trajectory looks promising.

Registered in England/Wales under the registration number 08434174, with a registered address at SN5 4HG, England, Swindon, Wiltshire, Coatings House Mopes Lane, Purton.

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