Bio-packaging Limited

Bio-Packaging Limited, based in Coventry, UK, is a small, active company established 26 years ago. With eight employees and £506,747 in assets, it's a well-established player in its niche. The company boasts three directors and two owners, and operates from a real address, suggesting a stable and legitimate business. It’s a regular importer of paper and paperboard products, with 13 months of import activity recorded, and an irregular exporter of plastics and plastic products, with just one month of export activity.

The company’s website highlights its specialization in “intelligent, innovative and standards-compliant transport packaging solutions,” particularly for hazardous, infectious, and diagnostic specimens. It offers a range of products, including the BioBottle System, BioPouch, and Diagnostic Mailer, catering to laboratory, veterinary, pharmaceutical, and academic research sectors. The website's focus on UN3373 compliance and tailored solutions points to a technically-driven business targeting specific regulatory requirements.

Financially, Bio-Packaging Limited shows a mixed picture. Current assets have decreased by 25%, dropping to £510,000, while net assets have fallen 17%, settling at £320,000. Bank borrowings have decreased by 16%, reaching £32,000, and cash reserves have plummeted 75%, leaving just £93,000. Trade debtors have increased significantly, rising 64% to £250,000, which could indicate a strategy of extending credit terms to customers. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the substantial drop in cash reserves warrants attention. The company is exempt from an audit, and the figures are unaudited.

Overall, Bio-Packaging Limited appears to be navigating a period of financial adjustment. While the company’s specialized product range and focus on regulatory compliance suggest a strong market position, the decline in cash reserves and the increase in trade debtors indicate potential challenges in managing working capital.

Registered in England/Wales under the registration number 03663655, with a registered address at CV1 4GP, Coventry, 113a Eagle Street, Foleshill.

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