Viscobond Limited

Viscobond Ltd from Colchester UK: a small, active company founded three years ago, employs two people, and holds £680,941 in assets. Operating from a virtual address, it’s managed by three directors and owned by three individuals. The company regularly imports and exports plastics and plastic products—six months of imports and four months of exports recorded.

Viscobond Tapes is a European distributor specializing in technical tapes, offering solutions for manufacturers. Their website showcases a range of products, including acrylic foam, polyethylene, and polyester tapes, catering to various industrial applications. The company emphasizes quality, experience (boasting over 80 years in the industry), and customer service, with a dedicated sales team available for quotes and support. It’s clear they're focused on B2B sales rather than direct consumer retail.

Financially, Viscobond Ltd presents a mixed picture. While current assets have increased by a substantial 110%, from £330,000 to £680,000, other key metrics show some volatility. Bank borrowings have jumped significantly, rising by 1400% to £110,000, and cash reserves have increased dramatically to £70,000. Creditors have also risen by 100% to £640,000. Equity, however, has seen a substantial increase of 350% to £60,000. The company meets the criteria for a small business, with turnover below £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor is typical for a small company, and the figures are unaudited.

It appears Viscobond is experiencing growth, evidenced by the increase in assets and cash reserves. However, the significant rise in borrowings suggests the company may be investing heavily or managing cash flow challenges. The substantial increase in creditors could be a result of increased supplier payments to support this growth.

Registered in England/Wales under the registration number 13480692, with a registered address at CO2 7BA, England, Colchester, Essex, Ground Floor Southway House, 29 Southway.

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