Econo Packaging Ltd

Econo Packaging Ltd from Oldham UK: a small, active company founded eight years ago, employs four people, and holds £452,860 in assets. It’s a solo-founded operation with one director and owner, operating from a real address shared by just two other companies. The company regularly imports vehicles, parts, and accessories—a consistent activity over the last twelve months, with the most recent import in July 2023.

The company’s website reveals a corrugated carton manufacturing business serving Sri Lanka and India. It specializes in various carton types, including telescopic, self-locking, and die-cut cartons, catering to brands seeking high-quality packaging solutions. The website highlights fast delivery, competitive pricing, and cutting-edge technology, positioning Econopack as a reliable partner for businesses seeking customized packaging. It also offers flexo color printing, dividers, partitions, and corrugated trays, indicating a diverse range of services.

Financially, Econopack Ltd shows some interesting trends. Property, plant, and equipment grew substantially, with plant machinery increasing by 140% and vehicles by 570%. However, bank borrowings increased by 37%, and cash reserves remained steady at £410. Creditors decreased by 24%, suggesting improved debt management. The company’s small size (meeting two of three conditions for a small company) helps it stay nimble, but the increase in borrowings is something to watch. The company’s net assets also increased by 4.6%. The accounts are unaudited, which is typical for a small company.

Overall, Econopack Ltd appears to be a stable, growing business, though the increase in bank borrowings suggests it may be investing in its operations—or potentially facing some financial pressures.

Registered in England/Wales under the registration number 10415576, with a registered address at OL8 4BE, England, Oldham, 2 Low Vale Drive.

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