Vil Resins Ltd.

Vil Resins Ltd, based in Bolton, UK, is a long-standing manufacturer with a rich history spanning 87 years. This large company, currently employing 34 people, operates as a holding company and boasts a solid active status. With assets totaling £13,412,610, the company has a real address and is overseen by eight directors and one owner. A Google rating of 4.0 based on a single review suggests a generally positive customer perception. The company regularly imports organic chemicals (93 months) and exports plastics and plastic products (6 months).

The company specialises in the manufacture of surface coating resins, a business it has been doing since 1938. Its website highlights a family-owned heritage and a focus on quality, innovation, and sustainability. Vil Resins offers a wide range of resin solutions for various industries, from manufacturing and construction to decorative and wood applications. It even supplies markets around the world, with a focus on reliability and compliance. The company's research focuses on sustainable solutions, advanced performance, and innovative applications.

Financially, Vil Resins Ltd shows some interesting trends. Cash reserves decreased by 38% to £960,000, while bank borrowings increased by a significant 220% to £130. Current assets remained relatively stable at £13,000,000, however, net assets fell by 12% to £9,900,000. Despite these challenges, the company’s creditors decreased by 22%, which could indicate improved debt management. Director remuneration increased by 8% to £500,000, and staff costs rose by 5% to £1,700,000. The company’s auditor, Barlow Andrews LLP, hasn’t reported any issues. The company’s large size (meeting two of three criteria for turnover over £36 million, assets over £18 million, and over 250 employees) allows it to remain competitive, but the decrease in equity raises questions about its long-term financial health. The company’s continued focus on research and export opportunities could help it navigate these challenges and sustain its legacy.

Registered in England/Wales under the registration number 00338691, with a registered address at BL2 2DT, England, Bolton, V I L Resins Ltd, Union Road.

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