Ferrari Packaging Ltd.

Ferrari Packaging Ltd is a small, active company based in Glasgow, UK, established 23 years ago. With 34 employees and £3,308,409 in assets, it operates from a virtual address—a point to note as 26 companies are registered at the same location. The company is led by three directors and owned by two individuals. It regularly imports paper and paperboard products (5 months, last import January 2025) and occasionally exports miscellaneous metal items (2 months, last export October 2023).

The company’s website showcases a wide range of packaging solutions, catering to various industries like food, drinks, FMCG, electronics, and manufacturing. It offers everything from boxes and tapes to pallet wrap and void fill solutions, with a focus on sustainability and customisation. The site highlights services like free packaging reviews and volume sales discounts, suggesting a customer-centric approach. It also has a section on machinery and bottle packaging, indicating a broader scope than just supplying materials.

Financially, Ferrari Packaging Ltd shows some interesting trends. While fixed assets increased by 7.9%, net assets grew by 13%, which is positive. However, cash reserves increased by 23%, which is good, but bank borrowings completely vanished, a significant shift. Trade debtors decreased by 10%, which is good, but creditors increased by 10%, which might be a concern. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the changes in debt management warrant further observation. The company’s financial statements are unaudited, which is typical for small entities.

Overall, Ferrari Packaging Ltd appears to be a stable, albeit small, player in the packaging supply industry, navigating the challenges of a competitive market with a focus on customer service and sustainable solutions.

Registered in Scotland under the registration number SC228545, with a registered address at G32 8FH, Glasgow, 1 Cambuslang Court, Cambuslang.

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