Advanced Plastics Limited

Advanced Plastics Ltd, based in Hull, UK, is a sizable company with a 32-year history, currently employing 251 people. The company holds £9,718,154 in assets and generates £31,058,665 in yearly revenue. As a holding company with an active status, it operates from a real address and is overseen by three directors and one owner. Google reviews give it a rating of 3.0 based on 11 reviews. The company regularly imports and exports plastics and plastic products, with 70 months of import activity and 102 months of export activity recorded.

The company's website highlights Advanced Plastics as a provider of technical injection molded products for blue-chip clients across various sectors. It boasts a turnover exceeding £40 million, 80 years of combined heritage, 83,000 sq. ft. of manufacturing across three sites, 70 injection machines, and is certified with IATF16949 and ISO14001. The website emphasizes its commitment to sustainable manufacturing, design development, and a diverse product portfolio. They offer services from design to manufacturing, and cater to automotive, HVAC, filtration, and technical plastics markets.

Financially, Advanced Plastics Ltd presents a mixed picture. While cash reserves increased by a substantial 130%, rising to £2.1 million, current assets declined slightly by 3.8% to £9.7 million. Bank borrowings decreased significantly, with secured borrowings falling by 26% to £150,000. However, net assets dropped by 16% to £7.5 million, and losses increased substantially to £1.5 million. Creditors decreased by 11%, suggesting improved debt management, but the increase in losses is a concern. The company meets two of three criteria to be considered a large company, indicating a significant scale of operations. The company’s auditor is Smailes Goldie, and the financial statements were prepared using IRIS Accounts Production software.

Overall, Advanced Plastics Ltd appears to be a well-established player in the plastics manufacturing sector, but the increase in losses suggests potential challenges or investments that may be impacting profitability. The company’s size and experience provide a solid foundation, but monitoring financial performance will be crucial for sustained success.

Registered in England/Wales under the registration number 02758361, with a registered address at HU7 0YQ, Hull, Advanced Plastics, Bergen Way.

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