Assembly & Packaging Services Ltd

Assembly And Packaging Services Ltd from Woodford Green UK: small company, holding company, active status, founded 36 years ago, 91 employees, £726,213 assets, virtual address, 2 directors, 2 owners, google rating 4.0 based on 29 reviews. Irregular importer of plastics and plastic products (2 months imported). It's a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50.

Based in Woodford Green, Assembly & Packaging Services Ltd operates as a holding company, overseeing a range of activities. Founded back in 1989, the company has a solid 36-year history and currently employs 91 people. The registered address is a virtual one, shared by eighteen other companies, which is something to keep an eye on. The company's Google rating of 4.0, based on 29 reviews, suggests a generally positive reputation. It’s an irregular importer, primarily dealing with plastics and plastic products, with recent import activity recorded just two months ago.

The company's website is not available, so it’s difficult to determine the specifics of its operations beyond the provided information. It seems likely that the company is involved in some form of manufacturing or packaging services, but without a website, it’s hard to confirm.

Financially, Assembly & Packaging Services Ltd presents a mixed picture. While current assets are stable at around £730,000, net assets have taken a significant hit, plummeting by 180% to -£1.4 million. Bank borrowings have increased substantially, rising by 54% to £2.3 million, and cash reserves have decreased by 53% to just £720. Creditors have also increased by 36%, suggesting a reliance on external financing. The company's small size, meeting two of the three conditions for a small company, helps it remain agile, but the sharp decline in equity is a cause for concern. The lack of an auditor mentioned likely means the financial statements are unaudited.

Overall, Assembly & Packaging Services Ltd appears to be navigating a challenging financial environment. While its Google rating and established history are positive indicators, the company's increasing debt and declining equity suggest it's facing financial pressures. The company is a holding company, and it’s worth investigating the performance of the underlying businesses it controls to get a clearer picture of its overall health.

Registered in England/Wales under the registration number 02379837, with a registered address at IG8 8HD, England, Woodford Green, 19-20 Bourne Court Southend Road.

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