Dragon Packaging Limited

Dragon Packaging Limited, based in London, UK, is a large, active company established 21 years ago. Employing 50 people and boasting assets of £3,349,049, it’s a significant player in the plastics and packaging sector. The company, with two directors and two owners, maintains a real address and enjoys a stellar 5.0 Google rating based on six reviews. It regularly imports and exports plastics and plastic products, with 38 months of import activity and 3 months of export activity recorded.

The company operates in the “other business support service activities n.e.c.” industries, and its website, while not providing detailed e-commerce functionality, suggests a focus on providing packaging solutions. No specific product listings or online ordering are present, indicating a business-to-business model rather than direct consumer sales.

Financially, Dragon Packaging Limited shows a mixed picture. While current assets decreased by 10% to £3,300,000, net assets increased by 2.7% to £1,400,000. Cash reserves, however, experienced a dramatic surge, increasing by 340% to £96,000. Bank borrowings were reduced by 100%, eliminating the overdraft. Creditors decreased by 15%, suggesting improved debt management. The company meets the criteria for a large company, having turnover over £36 million, balance sheet total over £18 million, and more than 250 employees. The auditor, SPW (UK) LLP, has provided an audit opinion.

Despite the overall positive trend in cash reserves, the significant decrease in net loss from £240,000 to £10,000 indicates a possible shift in business strategy or improved operational efficiency. The increase in administrative expenses by 18% could be a result of this shift, or perhaps a reflection of increased business activity. It's possible that the company is investing in growth, which could explain the increase in expenses and the positive cash flow.

Registered in England/Wales under the registration number 04755583, with a registered address at N3 3LF, London, Gable House, 239 Regents Park Road Finchley.

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