Ask Plastics Ltd

Ask Plastics Ltd is a large, active company based in Southampton, UK, founded ten years ago in 2015. With 37 employees and £6,206,887 in assets, it operates as a holding company, importing machinery and boilers irregularly (for two months, last import January 2025) and regularly exporting plastics and plastic products (for 38 months, last export January 2025). The company’s registered address is likely virtual, as thirty-two other companies are registered there. It is managed by one director, Mr. Kooner Anaik Singh, and one owner, Ask Group Holdings Ltd.

The company's website is unavailable, so it's difficult to determine if it operates as an e-commerce business. However, it’s described as operating in the manufacture of other plastic products industries.

Financially, Ask Plastics Ltd shows a mixed picture. Current assets increased by 7.1% to £6,206,887, while net assets grew by 15% to £2,200,000. Bank borrowings decreased by 27% to £25,000, and cash reserves fell by 85% to £15,000. Creditors decreased by 4.3% to £4,800,000, suggesting better debt management. Staff costs increased significantly by 62% to £980,000, and administrative expenses increased by 68% to £2,700,000. These figures suggest the company is growing, but also burning through cash reserves at a faster rate. The company’s size (meeting two of three criteria for a large company) helps it stay competitive, but the decrease in cash reserves is something to watch. The financial statements are audited by HJS Chartered Accountants.

Overall, Ask Plastics Ltd appears to be a growing company with a solid export business, but it needs to manage its cash flow more effectively to ensure its long-term sustainability.

Registered in England/Wales under the registration number 09451156, with a registered address at SO14 3TJ, England, Southampton, Hampshire, Tagus House, 9 Ocean Way.

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