Compack Limited

Compack Ltd from Port Glasgow UK is a small holding company with an active status, established 42 years ago. Employing 19 people, the company holds £1,171,167 in assets and operates from a real address. Two directors and one owner manage the business, which currently holds a Google rating of 2.0 based on a single review. Compack Ltd regularly imports machinery, boilers, and mechanical appliances, with parts imported for the last three months.

The company specializes in manufacturing high-quality cartons for various industries, from food and drinks to pharmaceuticals and healthcare. Their website highlights a focus on bespoke carton design and production, emphasizing quality, service, and a 30-year track record of delivering for clients. They’re part of McLaren Packaging, offering a “McLaren Experience” – a collaborative design process from concept to delivery. Compack also provides sustainable options, including recyclable cartons and designs incorporating high levels of recycled material.

Financially, Compack Ltd presents a mixed picture. While turnover remained steady at £1.1m, net assets declined by a significant 67%, dropping to £200,000. Bank borrowings increased dramatically by 290%, reaching £100,000, while cash reserves dwindled to just £2. Creditors also rose by 110%, to £2.6m. The company’s small size—meeting two of three conditions for a small company—allows for agility, but the drop in equity and surge in debt raise concerns. The lack of an auditor mentioned suggests unaudited financial statements.

The company's current income tax policy is based on taxable profit for the year, which differs from net profit. It's clear that while Compack Ltd continues to operate and serve its customers, it’s facing financial pressures, and it will be important to monitor its performance closely in the coming months.

Registered in Scotland under the registration number SC081097, with a registered address at PA14 5XH, Port Glasgow, Gareloch Road.

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