Ats Plastics Limited

Ats Plastics Limited, based in Bromsgrove, UK, is a small, active holding company established nine years ago. With four employees and £377,131 in assets, it operates from a real address within the Bromsgrove Enterprise Park. Two directors and two owners oversee the business, which has a real address and a single company registered at the same location. Ats Plastics Limited is involved in the plumbing, heat and air-conditioning installation industries.

The company’s activities are somewhat irregular. It imports electrical machinery and equipment, with just one month of import activity recorded as of September 2022, and exports plastics and plastic products, also with just one month of export activity as of July 2022. While it has a website, no e-commerce activity is apparent.

Financially, Ats Plastics Limited presents a mixed picture. Cash reserves have increased significantly, up 440% to £21,000, which is a positive sign. However, retained earnings have plummeted 3300% to -£250,000, indicating substantial losses. Bank borrowings have also increased, rising 190% to £730,000, which could be a cause for concern. Creditors have increased by 110%, suggesting a reliance on short-term financing. Despite these challenges, trade debtors have decreased by 11%, which may reflect improved payment collection. The company’s small size—meeting two of three conditions for a small company—allows for flexibility, but the significant equity decline warrants further investigation. The accounts are unaudited, and no auditor is mentioned, which is typical for a small company.

The company’s increased borrowings and losses suggest it may be burning through cash, although the increased cash reserves offer some buffer. The substantial increase in amounts owed to group undertakings—current financial instruments—may indicate a reliance on funding from its parent company, Air Technology Systems Ltd. It’s clear Ats Plastics Limited is facing financial pressures, but its niche market and established presence in the plumbing and air-conditioning installation industries could help it weather the storm.

Registered in England/Wales under the registration number 09735318, with a registered address at B60 3AL, United Kingdom, Bromsgrove, Worcestershire, 8 Aston Court George Road, Bromsgrove Enterprise Park.

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