Chase Plastics Limited

Chase Plastics Limited, based in Brandon, UK, is a small holding company with an active status, established 43 years ago in 1981. The company employs 28 people and holds assets valued at £940,445. It operates with two directors and one owner, and boasts a real registered address. Chase Plastics is a regular importer of machinery, boilers, and mechanical appliances, parts, with 21 months of import activity recorded, the latest in September 2024. It exports these same items irregularly, with just 2 months of export activity as of February 2024.

The company’s website highlights its position as the UK’s leading supplier of high-quality recycled polythene pellets and compounds. Chase Plastics emphasizes its commitment to quality and service, leveraging its experience in both recycling and film manufacture. It’s EuCertPlast accredited, a strategic supply partner to major packaging manufacturers, and dedicated to recycling plastics within the UK. The company also addresses the UK Plastics Tax, offering solutions for customers seeking to meet sustainability objectives. It even partners with Summit Systems and Ocean Integrity to recycle ocean-recovered plastics, contributing to the circular economy.

Financially, Chase Plastics Limited presents a mixed picture. Current assets have significantly decreased by 43%, dropping to £940,000. Net assets also suffered, plummeting 170% to -£140,000. Bank borrowings decreased by 10%, settling at £980,000, while cash reserves fell 11% to £49,000. Creditors decreased by 49%, suggesting improved debt management. 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 equity decline raises concerns. With no auditor mentioned (likely exempt as a small company), the financial statements are unaudited.

The company’s focus on recycled plastics and its commitment to sustainability, alongside its partnership with Ocean Integrity, suggests a forward-thinking approach. However, the financial pressures indicate that the business is working hard to maintain its position in a competitive market.

Registered in England/Wales under the registration number 01593735, with a registered address at IP27 0NE, England, Brandon, Mile End Works, London Road.

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