Spray Tanker Services Limited

Spray Tanker Services Ltd, based in Wolverhampton, UK, is a small, active company established 22 years ago. Employing 34 people, it holds £4,110,494 in assets and operates from a real address. Run by a solo founder, with one director and owner, the company maintains a solid 4.0 Google rating based on 11 reviews. It's a regular importer, specializing in machinery, boilers, and mechanical appliances—parts, with recent activity recorded as of September 2024.

The company’s core business, as detailed on its website, focuses on providing specialized road surface treatment services. STS operates the largest bond coat application fleet in the UK, offering a range of services including spray tankers, sweepers, and surface dressing. They emphasize a culture of safety, utilizing advanced technology like 52 exclusion zone lighting and 360-degree camera systems. With multiple bases across the UK, STS delivers nationwide service, catering to both new construction and maintenance projects. The website highlights expertise in tack coat and bond coat application, as well as surface dressing and sweeping services.

Financially, Spray Tanker Services Ltd exhibits some concerning trends. While current assets increased by 25% to £4,100,000, net assets grew by a more modest 18% to £4,500,000. Bank borrowings increased by 3.2% to £2,600,000, and cash reserves remained relatively stable at £1,100,000. Creditors increased significantly by 140% to £890,000, suggesting a reliance on external financing. The number of employees increased by 35% to 46, which could be a sign of growth but also increased operational costs. 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 small size of the company.

Overall, Spray Tanker Services Ltd seems to be a well-established business in a specialized sector. However, the increase in creditors and the reliance on bank borrowings warrant close monitoring. The company’s continued success hinges on maintaining its reputation for quality and innovation in the road surface treatment market.

Registered in England/Wales under the registration number 04634041, with a registered address at WV10 7NZ, Wolverhampton, Unit 5 Manor Farm, New Road, Featherstone.

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