Symphony Coatings (west Midlands) Limited

Symphony Coatings West Midlands Ltd, based in Gloucester, UK, is a small holding company with an active status, celebrating 16 years in business. Employing seven people and holding £264,635 in assets, the company operates from a virtual address – a detail worth noting as 153 companies are registered at the same location. Led by two directors and one owner, Symphony Coatings runs an e-commerce site and enjoys a stellar 5.0 Google rating from seven reviews. It’s an irregular importer, primarily dealing in tanning and dyeing products, with the last import activity recorded a year ago.

The company’s website, Symphony Narrowboat Paint, caters to a niche market: narrowboat owners. It offers a wide range of paints, primers, and sundries specifically designed for narrowboat maintenance and restoration. The site emphasizes heritage, superior quality, and unrivalled service, showcasing its products and offering technical advice. A blog section provides valuable information on narrowboat painting techniques, while a color guide helps customers choose the perfect shade. The site also promotes a sister company, 174 PPE Ltd, which is a supplier of PPE and site supplies.

Financially, Symphony Coatings West Midlands Ltd presents a mixed picture. While current assets are down 16% to £260,000, trade debtors have increased by 35%, reaching £190,000. Creditors have also risen significantly, up 70% to £75,000. Net assets decreased by 5.2%, settling at -£400,000. Bank borrowings have disappeared completely, and cash reserves have fallen by 89%, leaving just £11,000. The company’s small size – meeting two of three criteria for a small company – allows for flexibility, but the decline in equity and cash raises concerns. The unaudited financial statements, without mention of an auditor, rely on director-reported data.

Overall, Symphony Coatings West Midlands Ltd appears to be navigating a challenging financial landscape, while maintaining a strong online presence and catering to a dedicated niche market.

Registered in England/Wales under the registration number 06638796, with a registered address at GL4 3GG, United Kingdom, Gloucester,, Gloucestershire, Unit 3 Ambrose House, Meteor Court, Barnett Way, Barnwood.

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