Apollo Plastics Limited

Apollo Plastics Ltd, based in Gateshead, UK, is a small, active company established 46 years ago. With nine employees and £450,307 in assets, it’s a long-standing operation run by a solo founder and a single director. The company regularly imports plastics and plastic products (three months of imports recorded, the latest in June 2024) and occasionally exports them (two months of exports, the last in July 2022). It operates from a real address shared by only two other companies, suggesting a modest footprint.

Apollo Plastics specializes in vacuum forming, a process used to create plastic parts and products. Its website highlights a commitment to quality, offering specialist advice, bespoke tooling, production, and finishing services, all adhering to BSI EN ISO 9001:2015 standards. The company’s roots are in the caravan trade, and it now serves a diverse range of industries, including promotional materials, construction, and medical sectors. A key offering is its Multifit Tile ventilators, designed to fit with major manufacturer’s tiles. The website also showcases a gallery of its work and contact information.

Financially, Apollo Plastics’ recent performance presents a mixed picture. Current assets have decreased by 23%, falling to £400,000, while net assets also declined by 0.59%, settling at £780,000. Bank borrowings have seen a significant surge, increasing by 13%, reaching £32,000, and cash reserves have dropped 30%, now standing at £150,000. Creditors, however, have decreased by 45%, indicating improved debt management. The company’s small size (meeting two of three criteria for being a small company) helps keep costs down, but the drop in cash reserves warrants attention. As a small company, it’s likely exempt from a full audit, meaning these figures are unaudited.

The company’s long history and diverse client base suggest resilience, but the financial data indicates a need for careful management. While the vacuum forming business appears to be thriving, the recent financial trends require monitoring to ensure long-term stability.

Registered in England/Wales under the registration number 01375330, with a registered address at NE10 0ES, England, Gateshead, Tyne & Wear, Nest Road, Felling Industrial Estate.

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