Concept Products Limited

Concept Products Ltd, based in Yeovil, UK, is a small, family-run business with an active status, celebrating 40 years in operation. Employing 27 people, the company operates from a virtual address, a fact highlighted by the presence of 175 other companies registered at the same location. Led by five directors and with three owners, Concept Products Ltd runs an e-commerce site and maintains a stellar 5.0 Google rating from 12 reviews. It regularly imports plastics and plastic products, with its most recent import activity recorded three months ago.

The company’s website showcases a vast array of products, from corporate clothing and workwear to cleaning supplies and site equipment. It caters to a wide range of industries, offering everything from high-visibility vests to floorcare solutions. The site emphasizes next-day delivery, carbon-neutral certification, and a wide selection of branded workwear—a clear focus on serving businesses with their PPE and supply needs.

Financially, Concept Products Ltd presents a mixed picture. While net assets increased by a substantial 55%, rising to £410,000, bank borrowings have also increased significantly, jumping 49% to £18,000. Cash reserves, however, have decreased by a notable 55%, falling to £99,000. Trade debtors have also risen by 33%, reaching £610,000, suggesting a possible reliance on customer payments. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the decline in cash reserves warrants attention. The company’s accounts are unaudited, and no auditor is mentioned, which is typical for small companies.

Overall, Concept Products Ltd appears to be a well-regarded supplier in its niche, but the financial data suggests a need to manage cash flow and potentially address the increase in outstanding customer payments.

Registered in England/Wales under the registration number 01882650, with a registered address at BA22 8WW, United Kingdom, Yeovil, Somerset, Albert Goodman, Lupin Way.

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