Firn Overseas Packaging Limited

Firn Overseas Packaging Ltd, based in Newbury, UK, is a large, active family business founded 49 years ago. Employing just nine people, the company holds significant assets, totaling £20,667,240. With six directors and two owners, and a Google rating of 3.0 (based on just two reviews), Firn Overseas Packaging operates from a real address and has a history of irregular exporting, primarily machinery, boilers, and mechanical appliances – with the last export activity recorded two months ago in May 2019.

The company’s website reveals a supplier of paper and packaging materials, offering a complete range of products and services for an international clientele. They provide shipping, logistics, and finance services alongside their core paper and board offerings, catering to industries like FMCG and even offering bespoke solutions like white-lined board reels and coated sheets. Firn’s markets span Africa and Southeast Asia, partnering with suppliers from countries like Poland, Italy, and Saudi Arabia. The company's website also highlights a commitment to long-term partnerships and exceeding customer expectations.

Financially, Firn Overseas Packaging Ltd shows a mixed picture. While current assets increased by 12% to £21,000,000, bank borrowings surged by 2,400%, reaching £29,000, and cash reserves fell 17% to £5,100,000. Administrative expenses increased significantly, jumping 69% to £2,000,000. The company’s net assets grew by 19% to £17,000,000, but the rise in creditors suggests a need to manage debt effectively. Depreciation impairment expense property plant equipment decreased by 13% to £75,000. The company is classified as large, meeting two of three criteria for size, and no auditor is mentioned, indicating unaudited statements.

Despite these financial shifts, Firn Overseas Packaging appears to be navigating the challenges of international trade, leveraging its long-standing relationships and diverse product range. The company's focus on building trust and providing value suggests a commitment to sustainable growth, even if the recent numbers indicate some financial strain.

Registered in England/Wales under the registration number 01225618, with a registered address at RG14 1AE, England, Newbury, 85a Northbrook Street.

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