Tufcoat Limited

Tufcoat Ltd from Plymouth UK: a small, active company founded 20 years ago, employs 10 people, and holds £1,040,282 in assets. It's a family business with a 5.0 Google rating based on 12 reviews. The company regularly imports and exports plastics and plastic products – 19 months of imports and 44 months of exports recorded. It’s led by a single director and owned by two individuals.

The company’s website, Tufcoat ShrinkWrap, showcases a range of services and products related to shrink wrap solutions. They offer shrink wrap supplies, installation, printed shrink wrap, and even modular building covers. They cater to construction, industrial, and marine sectors, providing weatherproof solutions, containment, and protection for various projects. The website clearly operates as an e-commerce platform, allowing customers to purchase shrink wrap rolls, accessories, and heat guns online. They also provide training courses and offer bespoke solutions for clients.

Financially, Tufcoat Ltd shows a mixed picture. Current assets have fallen by 7.1% to £1,000,000, while net assets have declined by 15% to £850,000. Cash reserves have decreased by 21% to £270,000, and bank borrowings have increased significantly. Creditors have risen by 49%, and trade debtors have grown by 31%. The company’s small size – meeting two of three conditions for being a small company – allows for flexibility, but the decline in equity could indicate some financial pressures. The lack of an auditor mentioned suggests the accounts are unaudited.

Despite the financial shifts, Tufcoat Ltd seems to be a well-regarded supplier in its niche, with a strong online presence and positive customer reviews. Whether the company can maintain its growth trajectory remains to be seen, but its focus on specialized shrink wrap solutions and its family-run nature could provide a competitive advantage.

Registered in England/Wales under the registration number 05166591, with a registered address at PL7 5EU, Plymouth, 3 Garden Close, Langage Business Park, Plympton.

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