Ask Packaging Ltd

Ask Packaging Ltd, based in Wellingborough, UK, is a small, active company established seven years ago. With a single employee and £308,485 in assets, it's a solo-founder operation led by one director and owner. The business regularly imports paper and paperboard products – a consistent activity over the last seven months – but has only sporadically exported machinery, boilers, and mechanical appliances, with just one month of export activity recorded.

The company’s website showcases a range of eco-friendly food packaging solutions, including bagasse plates, paper plates, wooden cutlery, and plastic containers. It highlights a focus on sustainability, offering custom branding options, and catering to both wholesalers and distributors. The site emphasizes a commitment to reducing single-use plastic waste and boasts a brochure showcasing their products. They even mention a monthly production of 200 tons of wooden cutlery.

Financially, Ask Packaging Ltd presents a mixed picture. While current assets increased by 57% to £310,000, net assets dramatically decreased by 2700% to -£110,000, a significant drop. Bank borrowings also increased, reaching £170,000, and cash reserves plummeted 86% to just £12,000. Creditors, however, saw a substantial increase of 3200%, reaching £250,000. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The lack of an auditor is typical for a small company, so the figures are unaudited.

The sharp decline in equity suggests the company is burning through cash, despite increased assets. Perhaps the surge in creditors reflects a need to finance growth or manage cash flow. It's possible the company is investing heavily in inventory – total inventories increased by 73% – to meet growing demand. The company's reliance on a single employee and solo founder could also be a management issue, though it’s difficult to say for sure.

Registered in England/Wales under the registration number 11251459, with a registered address at NN8 4HB, United Kingdom, Wellingborough, Northamptonshire, Unit 2 Bradfield Road, Finedon Road Industrial Estate.

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