We Think Resin Limited

We Think Resin Ltd from London UK: a small company with an active status, was founded six years ago. Accounts are currently overdue by five months, and confirmation is overdue by two months. The company employs two people and holds £140,998 in assets, operating from a virtual address. It's led by two directors and has one owner, boasting a stellar 5.0 Google rating from eleven reviews. They regularly import plastics and plastic products, with the last import operation recorded three months ago.

The company specializes in seamless, high-quality resin flooring for both indoor and outdoor environments, serving clients in London, Malaga, and various locations across the Costa del Sol. Their website highlights expertise in installing resin floors, partnering with product manufacturer EPI, and adhering to strict quality standards. They offer a wide range of flooring solutions, from basic designs to sports floors, ESD floors (for environments needing static electricity protection), industrial floors, and traffic floors (specifically for car parks). Customer testimonials praise their attention to detail and high-quality workmanship.

Financially, We Think Resin Ltd presents a mixed picture. While current assets increased by 24% to £140,000, net assets plunged 21,000%, landing at -£8,700. Bank borrowings decreased by 19% to £27,000, and cash reserves experienced a dramatic 87% drop to just £920. Creditors, however, decreased by 19% to £27,000, suggesting improved debt management. The company’s small size—meeting two of three conditions for a small company—helps maintain agility. The lack of an auditor (likely exempt due to its size) means the figures are unaudited.

The significant drop in equity, however, raises concerns. It’s possible this is a temporary setback, perhaps due to increased material costs or project delays. The company’s reliance on a single owner and a small workforce also presents a potential vulnerability. While the Google reviews are excellent, the financial data suggests We Think Resin Ltd is facing challenges and needs to carefully manage its resources to ensure long-term stability.

Registered in England/Wales under the registration number 11848534, with a registered address at EC1V 2NX, England, London, 124 City Road.

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