Channelplast Limited

Channelplast Limited, based in Leatherhead, UK, is a large, active company founded twelve years ago in 2013. Employing just three people, it holds assets valued at £8,627,159. The company operates with two directors but has no registered owners, a slightly unusual arrangement. It’s a regular importer and exporter of plastics and plastic products, having imported for 252 months and exported for six months, with the most recent import occurring in January 2025 and the last export in November 2024.

The company’s website, Chemieuro Polymer, paints a picture of a wholesale distributor specializing in polymers. It’s not an e-commerce site; instead, it’s a platform for showcasing its services and connecting with clients. Chemieuro focuses on trading, selling, and distributing polymers across Europe and Turkey, offering a wide range of products from various brands and producers. They highlight their ability to provide regular supply at competitive prices, offer trading solutions for specific purchases and sales, and provide market intelligence on polymer prices. The site also features a blog with industry insights and news.

Financially, Channelplast Limited’s recent performance shows some concerning trends. While cash and cash equivalents increased slightly, net assets took a significant hit, dropping by 39% to £210,000. Bank borrowings have increased, and staff costs decreased. Trade debtors have ballooned, suggesting potential payment issues with customers. The company’s turnover has decreased slightly, and it’s net loss has decreased dramatically. The lack of an auditor mentioned in the report means the figures are unaudited. The company’s size—meeting two of three criteria for a large company—suggests it’s navigating a competitive market, and the financial data indicates a need to carefully manage its working capital. It's a little unclear why the company’s net loss has decreased so dramatically, but it’s a trend to watch.

Registered in England/Wales under the registration number 08420899, with a registered address at KT22 8DY, Leatherhead, Surrey, 5 The Crescent.

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