Discovery Flexibles Limited

Discovery Flexibles Ltd, a large company based in London, UK, has been operating for 35 years. With 79 employees and £8.5 million in assets, the business generated £16.2 million in revenue last year. It’s a holding company, active, and boasts a 4.0 Google rating from 28 reviews. The company regularly imports and exports plastics and plastic products, having imported for 46 months and exported for 5 months. Despite a virtual address shared by 549 other companies, it’s managed by one director and one owner.

Discovery Flexibles Ltd operates as a flexible packaging supplier, specializing in gravure, flexo printing, and lamination. The website highlights its capabilities, including printing on various materials like plastic film, paper, and aluminium, and even developing patented drinks pouches and lidding systems. The company is clearly focused on innovation, with five patent applications underway and a commitment to sustainability. It’s a true innovator.

Financially, Discovery Flexibles Ltd presents a mixed picture. While turnover remained steady at £16.2 million, current assets decreased by 11% to £8.6 million. Bank borrowings decreased by 21% to £870,000, which is a positive sign, and cash reserves increased by 41% to £82,000. However, accumulated amortisation impairment intangible assets increased by 10%, suggesting a growing investment in patents and trademarks. The company is considered large, having met two of three conditions: turnover more than £36 million, balance sheet total more than £18 million, and average number of employees more than 250. The lack of auditor information suggests that the accounts are unaudited.

Overall, Discovery Flexibles Ltd appears to be a stable, innovative company, though the decline in current assets warrants further observation. The company’s focus on specialized printing and lamination services, coupled with its commitment to sustainability, positions it well for future growth—but the financial trends need to be monitored closely.

Registered in England/Wales under the registration number 02417982, with a registered address at EC3V 3NG, England, London, International House, 36-38 Cornhill.

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