Waterside Colours Limited

Waterside Colours Ltd, based in Hull, UK, is a large, active family business established eight years ago. Employing 37 people, the company boasts significant assets of £10,232,944 and a yearly revenue of £21,279,775. It’s a well-regarded operation, holding a perfect 5.0 Google rating based on a single review. The company has four directors and two owners, and operates from a real address, with only four other companies registered there. Waterside Colours is a regular importer and exporter of tanning and dyeing products, with 181 months of import activity and 112 months of export activity, the latest being December 01, 2024.

The company specializes in manufacturing dyes and pigments for the paper industries, marketing its products under brands like Ecozol, Durazol, and Kenazol. Its website highlights a comprehensive range of anionic and cationic dyes, alongside a focus on sustainability and product certifications. They even have a technical resource centre offering application testing. The business operates as a large company, meeting two of three criteria: turnover exceeding £36 million and a balance sheet total exceeding £18 million, with more than 250 employees.

Financially, Waterside Colours Ltd shows some concerning trends. Accrued liabilities and deferred income increased by 41%, while accumulated amortisation impairment for intangible assets rose significantly, particularly in computer software and patents. Bank borrowings decreased by 20%, which is a positive sign, and cash reserves increased by a healthy 63%. However, net assets declined by 9%, and turnover remained flat, suggesting potential pressure on sales. The company’s deferred tax provision also increased. The company’s auditor is Azets Audit Services Limited.

Overall, Waterside Colours Ltd appears to be a well-established player in its niche, but the financial data indicates a need for careful management. The decrease in net assets, despite increased cash reserves, warrants further investigation. The company’s family ownership and long-standing presence in the market suggest resilience, but the need to maintain financial health will be crucial for continued success.

Registered in England/Wales under the registration number 10366229, with a registered address at HU1 1TJ, United Kingdom, Hull, 21 Marina Court, Castle Street.

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