Aegg Ltd

Aegg Creative Packaging, based in Eye, UK, is a sizable company with an active status, established fifteen years ago. Employing thirty-two individuals and holding assets of £8,894,296, the company generated a yearly revenue of £24,493,488. With a real address and a single director and owner, Aegg maintains a Google rating of 3.0 based on two reviews. The company regularly imports and exports glass and glassware, with 180 months of import activity and 50 months of export activity.

Aegg Creative Packaging specializes in providing recyclable glass and plastic packaging solutions for global food and drinks brands. Their website highlights a range of services, including bespoke design, logistics, and manufacturing, alongside a selection of off-the-shelf options. They cater to both glass and plastic packaging needs, offering a catalogue range or custom designs. The company’s website also showcases its presence in the piano restoration business, with a division operating from Cambridge and even featuring a showroom in Harrods.

Financially, Aegg’s recent performance presents a mixed picture. Current assets decreased by 21%, dropping to £8,900,000, while bank borrowings surged by an impressive 370%, reaching £1,400,000. Cash reserves took a significant hit, plummeting 96% to just £68,000. However, creditors decreased by 39%, suggesting improved debt management. The company meets the criteria for a large company, having turnover over £36 million and a balance sheet total over £18 million. The accounts are audited by Fawcetts LLP.

The substantial increase in bank borrowings, coupled with the sharp decline in cash reserves, suggests Aegg may be investing heavily in growth or facing increased operational expenses. The decrease in creditors is a positive sign, indicating better control over short-term liabilities. While the company’s large size and established presence in the packaging industry provide a solid foundation, the financial trends warrant close monitoring.

Registered in England/Wales under the registration number 07006709, with a registered address at IP23 8BW, England, Eye, Suffolk, Oaksmere Business Park Eye Airfield Industrial Estate, Yaxley.

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