Cirrus Limited

Cirrus Limited is a large, active company based in Craigavon, Northern Ireland, UK. Founded 37 years ago in 1987, the company employs 62 people and holds £11,021,285 in assets, generating £20,095,287 in yearly revenue. With five directors and one owner, the business operates from a real address and has a long history in the plastics industry. It’s a regular importer of machinery, boilers, and mechanical appliances, with the last import operation recorded in 2021, and an irregular exporter of plastics and plastic products, with the last export operation in 2017.

Cirrus Limited specializes in the manufacture of plastic bags, liners, film, and acts as a plastic supplier throughout Northern Ireland. The company’s website highlights its 60,000 sq ft factory and positions it as a leading Irish manufacturer of liners for the food industry, boasting ISO 9001 and BRCIop hygiene accreditation. It serves a diverse range of industries, including food, pharmaceutical, mushroom, aggregate, coal, bed furniture, and drinks manufacturing. The company’s products include bags on the roll, shrink film, form fill seal sheet, and various liners and hoods.

Financially, Cirrus Limited shows a mixed picture. While revenue remained steady, net assets increased by a modest 7.9% to £13,000,000. However, cash bank on hand saw a significant jump, increasing by a staggering 1100% to £4,000,000—a positive sign. Conversely, finished goods decreased substantially by 60%, and turnover fell by 19%, suggesting potential challenges in inventory management or decreased demand. Creditors decreased by 15%, which is a good sign. The company’s small size (meeting two of three criteria for being a large company) helps it stay flexible, but the decline in finished goods warrants attention. The company's auditor is WHR Accountants Ltd.

In conclusion, Cirrus Limited appears to be a stable, long-standing business navigating the typical pressures of a competitive market. The surge in cash reserves provides a buffer, but the company should monitor inventory levels and address the decline in turnover to ensure continued success.

Registered in Northern Ireland under the registration number NI020574, with a registered address at BT63 5WD, Northern Ireland, Craigavon, Cirrus Plastics Esky Drive, Portadown.

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