Advanced Pallet Systems Limited

Advanced Pallet Systems Ltd, based in Devon, UK, is a large, active family business founded 22 years ago. With 68 employees and £6.3 million in assets, the company generates a substantial £18.2 million in revenue annually. Despite a virtual address – where 63 companies are registered – it operates a secure 300,000 sq. ft manufacturing site. Five directors and two owners steer the business, which boasts a solid 4.0 Google rating from 32 reviews. They regularly export paper and paperboard products, with the last operation occurring in November 2024.

The company’s website highlights its position as a “Total Packaging Solution” provider, specializing in wooden pallets, crates, and bespoke packaging. They offer a wide range of products and services, from new wooden pallets to plywood riveted cases, catering to diverse industries. Advanced Pallet Systems emphasizes its advanced manufacturing techniques, including automated machinery and skilled workforce, ensuring high-quality products and efficient production. They also offer ISPM15 accreditation for exporting and operate to three ISO standards.

Financially, Advanced Pallet Systems shows some concerning trends. Accrued liabilities have doubled to £280,000, while the depreciation of property, plant, and equipment has increased by a significant 33%. Although cash bank on hand has increased by 71%, the company’s average number of employees has decreased by 7.4%, and administrative expenses have risen by 26%. Dividends paid have decreased by 35%, and the company’s net assets have decreased by 12%. The company's auditor, Sumer Auditco Ltd, has reported a qualified opinion due to limitations in the scope of work relating to inventory quantities.

Despite these challenges, Advanced Pallet Systems remains a substantial player in the packaging industry, leveraging its experience and advanced manufacturing capabilities. The increase in administrative expenses may reflect investments in technology or workforce development, while the decrease in employees could be a response to changing market conditions. The qualified audit opinion highlights the need for improved inventory management practices, but overall, the company’s long-standing presence and commitment to quality suggest a resilient business model.

Registered in England/Wales under the registration number 04568580, with a registered address at EX39 2AT, Devon, 69 High Street, Bideford.

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