Euro Plast Limited

Euro Plast Ltd, based in Harrow, UK, is a small, active company established 27 years ago in 1998. It employs five people and holds £5,596,923 in assets, operating from a virtual address shared by 122 other companies. The business is run by two directors and one owner, with ownership having changed four months ago, a good sign for sales. It’s a regular importer, primarily of textile products, used clothing, and rags, with the last import operation recorded 18 months ago in April 2021.

The company’s website is minimal, offering little insight into its operations beyond a basic listing on Companies House. It appears to be focused solely on wholesale trade, with no obvious e-commerce presence. This suggests a business-to-business model, supplying textile products to other companies rather than selling directly to consumers.

Financially, Euro Plast Ltd shows a mixed picture. Current assets increased by 12% to £5,600,000, while net assets also rose by 4.6% to £2,600,000. Cash bank on hand increased by 25% to £3,300,000. Creditors, however, increased by 13% to £4,200,000, which could indicate increased reliance on credit. Debtor levels remained relatively stable. The company meets the criteria for a small company, with turnover under £10.2 million and assets under £5.1 million. The lack of an auditor mentioned is consistent with its small size and exemption from mandatory auditing.

Overall, Euro Plast Ltd appears to be financially stable, with growing assets and cash reserves. However, the increase in creditors warrants monitoring. The company’s focus on wholesale trade and its virtual address suggest a business operating behind the scenes, supplying textile products to other companies. The recent change in ownership could signal a new strategy or investment, which could be a positive sign for the company's future.

Registered in England/Wales under the registration number 03553131, with a registered address at HA1 2BY, United Kingdom, Harrow, Middlesex, Janay Sec Suite 2, Unit 2 Bradburys Court, Lyon Road.

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