Thermcoat Ltd

Thermcoat Ltd, based in Usk, UK, is a small, active company founded just one year ago. With seven employees and £66,917 in assets, it’s a relatively new player in the construction industry. The company operates from a real address and is led by a single director, although no owners are currently listed. It boasts a perfect 5.0 Google rating based on one review, and is an irregular importer of machinery, boilers, and mechanical appliances, with its last import activity occurring one month ago in November 2023.

The company’s website, BT MBS Modern Building Solutions, highlights its specialization in pioneering thermal insulation technologies, particularly through its flagship product, DIGNA PLUS. It emphasizes eco-friendly solutions and targets commercial and industrial customers, offering insulation services and selling related products. The site showcases a range of applications, from residential properties to warehouses, and touts the benefits of its thermoreflective coatings, including energy savings of up to 40% for heating and 70% for cooling. The website’s focus on advanced technology and environmental stewardship suggests a forward-thinking approach.

Financially, Thermcoat Ltd presents a mixed picture. While the company meets the criteria for a small business (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), its financial data reveals some concerning trends. Advances to directors increased significantly, reaching £26,000, while cash bank on hand remained steady at £5,600. Creditors increased to £66,000, and net assets liabilities remained at £700. The lack of an auditor is not surprising, given its small size and exemption from audit requirements. The company’s reliance on director-reported data should be considered.

Overall, Thermcoat Ltd appears to be navigating the challenges of a young business. While its focus on innovative insulation technologies and commitment to sustainability are promising, the financial data suggests it may be burning through cash. Whether it can sustain its growth and achieve profitability remains to be seen.

Registered in England/Wales under the registration number 15006606, with a registered address at NP15 1LR, Wales, Usk, Unit 5 Bertholey Farm, Llantrisant.

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