Accrued Plastic Limited

Accrued Plastic Ltd from Burnley, UK, is a small, active company founded 25 years ago. With 24 employees and £2,476,658 in assets, it’s a well-established player in the plastics industry. The company boasts a real address, is overseen by three directors, and has one owner, Cranefield Daniel William. It’s a regular importer and exporter of plastics and plastic products, with 73 months of import activity and 78 months of export activity, the latest being November 2024.

The company’s website reveals a focus on flexible packaging films. Accrued Plastic Ltd operates as a stockist, distributor, and supplier of biaxially oriented polypropylene (BOPP) packaging film. Beyond distribution, it specializes in slitting and converting flexible packaging film, operating from a BRC-certified production and warehouse facility. The company caters to a wide range of customers, including bakeries, food manufacturers, and copackers, offering a diverse range of films, including polypropylene, polyester, and barrier-coated options. The site emphasizes a large inventory, quick dispatch, and in-house slitting facilities.

Financially, Accrued Plastic Ltd shows some concerning trends. Cash reserves have plummeted 89%, dropping to just £74,000, while bank borrowings have increased dramatically by 180%. Creditors have also decreased by 25%, which is a positive sign. Net assets remained stable at £1,500,000. 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 agility, but the sharp decline in cash reserves warrants attention. The lack of an auditor mentioned suggests the company is exempt from an audit as a small company.

Overall, Accrued Plastic Ltd appears to be a long-standing business facing challenges in managing its cash flow. While its core business of flexible packaging film distribution seems robust, the financial data suggests a need to carefully monitor expenses and potentially explore financing options.

Registered in England/Wales under the registration number 03952162, with a registered address at BB10 2BQ, Burnley, Lancashire, Heasandford Inustrial Estate, Widow Hill Road.

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