Anglo Plastics Limited

Anglo Plastics Ltd, based in Scunthorpe, UK, is a small, family-run business with an active status. Founded 1994, it’s been operating for 31 years and employs 13 people. The company holds £1,094,028 in assets and has three directors and two owners. It’s a regular importer of machinery, boilers, and mechanical appliances, parts (imported for 3 months), and a regular exporter of the same (exported for 9 months).

The company's website reveals a core business: the sale of used plastics machinery. It boasts a large inventory and ships globally, catering to clients seeking everything from plastic extruders to spare parts. The site also highlights services like piano restoration, disaster recovery, and even valuation of plastic processing equipment – a diverse range of offerings. It's clear they're aiming to be a one-stop shop for the plastics industry.

Financially, Anglo Plastics Ltd shows a mixed picture. While current assets remain relatively stable at £1,100,000, bank borrowings have decreased significantly, falling by 67% to £12,000. Creditors have also decreased, suggesting improved debt management. However, cash reserves have dropped by 31%, and trade debtors have risen substantially, by 130%, which could indicate issues with collecting payments. 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 decrease in cash raises questions about its short-term financial health. The accounts are unaudited, as is typical for a small company.

It seems Anglo Plastics Ltd is navigating a period of change, adapting to market conditions while maintaining its reputation for expertise and customer service. Whether the diverse range of services—from plastics machinery to piano restoration—will contribute to long-term success remains to be seen.

Registered in England/Wales under the registration number 02922002, with a registered address at DN16 1HX, England, Scunthorpe, Anglo Plastics Ltd New Brumby Industrial Estate, Rutland Road.

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