Watt Plastics Limited

Watt Plastics Ltd, based in Leeds, UK, is a small, active company founded ten years ago in 2014. It holds £179,951 in assets and operates from a virtual address – a point to note as seventy-one other companies are registered at the same location. With two directors and one owner, the business is a modest operation. It imports rubber and rubber products irregularly (two months of imports, the last in May 2024) and exports wood and wood products even less frequently (one month of exports, the last in May 2021).

The company's website paints a picture of a specialist PVC fencing supplier catering to sports, equestrian, domestic, and agricultural markets. It offers a wide range of products, from picket fencing and stud rails to sports barriers and gallop rails, available for online purchase. The website also highlights its partnerships, including supplying WF Racing Ltd, a leading supplier to racecourses. It’s clear they’re aiming for a reputation for quality and reliability, with testimonials from satisfied customers.

Financially, Watt Plastics Ltd shows a mixed picture. Current assets have decreased by 16% to £180,000, and net assets have fallen by 21% to £130,000. Cash reserves are down 23% to £65,000, while bank borrowings have increased. Creditors have also decreased slightly, suggesting some improvements in debt management. The company meets the criteria for a small business – turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There’s no mention of an auditor, which is typical for small companies.

Overall, Watt Plastics Ltd seems to be navigating a challenging environment. While its niche market and online presence offer potential, the declining assets and cash reserves raise concerns. It will be interesting to see if the company can maintain its position in the PVC fencing market and whether the management can turn things around.

Registered in England/Wales under the registration number 09063071, with a registered address at LS1 2HL, England, Leeds, C/O Dwilkinson&Company, Bank House, 27 King Street.

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