Coleshill Plastics Limited

Coleshill Plastics Ltd from Coventry, UK, is a small, holding company with an active status, having been established 34 years ago in 1991. Employing 34 people, the company holds assets valued at £858,792. With six directors and one owner, it operates from a real address and regularly imports and exports plastics and plastic products – 24 months of imports and 29 months of exports recorded.

The company specializes in plastic moulding, offering services like injection moulding, finishing, and compression moulding. It caters to a wide range of industries and boasts 70 years of experience, with a particular focus on thermoset moulding. The website highlights a partnership with a Chinese manufacturer, suggesting a focus on quality control and bringing production back to the UK. They even have a showroom in Harrods, London.

Financially, Coleshill Plastics Ltd shows a mixed picture. Current assets increased by 8%, reaching £860,000, while net assets grew by 11% to £66,000. Bank borrowings decreased by 12%, and cash reserves dropped by 38% to £12,000. Creditors increased by 7.6%, suggesting a reliance on external funding. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. No auditor is mentioned, meaning the accounts are unaudited.

The significant increase in future minimum lease payments, up 51%, could indicate expansion or new equipment investments. The decrease in accrued liabilities, down 18%, suggests improved financial management. Overall, Coleshill Plastics Ltd appears to be holding its own, but the decline in cash reserves warrants attention. It’s a long-standing business with a strong reputation, but navigating the current economic climate will be key to its continued success.

Registered in England/Wales under the registration number 02597705, with a registered address at CV2 5DB, Coventry, Bodmin Road, Walsgrave.

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