20 20 Plastics Limited

20 20 Plastics Ltd, based in Newton Abbot, UK, is a small, active company established 23 years ago. With 10 employees and £176,107 in assets, it operates from a real address and is overseen by three directors and a single owner. The company maintains an e-commerce site and enjoys a 4.0 Google rating based on three reviews, regularly importing plastics and plastic products over the last 12 months.

The company’s core business revolves around the manufacture of other plastic products, catering to a range of industrial needs. While a website isn't available to analyze, the business likely focuses on B2B sales, supplying plastic components or finished goods to other manufacturers. The consistent import activity suggests a reliance on overseas suppliers, potentially for raw materials or specialized plastic products not readily available in the UK.

Financially, 20 20 Plastics Ltd presents a mixed picture. Current assets have decreased by 14%, falling to £180,000, while net assets have increased by 19%, reaching £380,000. Bank borrowings have decreased significantly by 45%, down to £51,000, and cash reserves have seen a remarkable increase of 990%, jumping to £47,000. Trade debtors have also fallen by 41%, suggesting improved collection of payments. However, creditors have decreased by 13%, which is a positive sign. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the fluctuating asset values warrant closer monitoring. With no auditor mentioned, the financial data is unaudited.

In conclusion, 20 20 Plastics Ltd appears to be navigating a period of change. The improved cash position and reduced debt are encouraging, but the decrease in current assets should be investigated further. The company’s long-standing presence and consistent import activity suggest a resilient business model, but future success will depend on maintaining its competitive edge in the plastics industry.

Registered in England/Wales under the registration number 04277862, with a registered address at TQ12 6TQ, Newton Abbot, Devon, 2 Cavalier Road, Heathfield Industrial Estate.

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