Engineered Plastic Solutions Ltd

Engineered Plastic Solutions Ltd, based in Wolverhampton, UK, is a small, active company established eight years ago. With three employees and £751,152 in assets, it operates as a solo-founded business under the direction of a single director and owner. The company runs an e-commerce site and regularly imports plastics and plastic products, with four months of import activity recorded as of October 2023. It functions as an agent specializing in the sale of other particular products.

The company’s website is minimal, offering little insight beyond its core business. It appears to focus on facilitating the sale of plastic components and materials, likely catering to industrial clients. The lack of detailed product information suggests a business-to-business model, where specific requirements are discussed directly with customers.

Financially, Engineered Plastic Solutions Ltd presents a mixed picture. Cash bank on hand has seen a significant increase of 42%, rising to £550,000, which is a positive sign. However, trade debtors have decreased by 25%, dropping to £160,000, which could indicate slower customer payments. Creditors have also decreased by 34%, falling to £17,000, suggesting improved debt management. Net assets have grown by 25%, reaching £620,000, and current assets are up 18%, totaling £750,000. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. No auditor is mentioned, likely due to its small size and exemption from an audit.

The increase in cash reserves is encouraging, but the decline in trade debtors warrants attention. It’s possible that the company has tightened credit terms or experienced delays in receiving payments. The overall financial health appears stable, but ongoing monitoring of debtor collections is recommended.

Registered in England/Wales under the registration number 10206963, with a registered address at WV4 6DW, England, Wolverhampton, Unit C5 Hilton Trading Estate Hilton Road, Lanesfield.

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