Flexipol Packaging Limited

Flexipol Packaging Limited, based in Knaresborough, UK, is a large, holding company with an active status. Established 30 years ago in 1994, it employs 269 people and holds assets valued at £18,844,156. The company has five directors, one owner, and boasts a perfect 5.0 Google rating from eight reviews. It’s a regular importer and exporter of plastics and plastic products, with 256 months of import activity and 9 months of export activity recorded.

The company’s website reveals a broader scope than just packaging. While Flexipol is the primary brand, it also operates under Palagan and Synpac, offering a wide range of flexible packaging solutions. These include food packaging, specialist bags and sacks, vacuum pouches, barrier films, and even piano restoration services via 1066 Pianos—a surprising and intriguing diversification. The website highlights a focus on sustainability, innovation, and technical collaboration, catering to industries from food and agriculture to healthcare and construction.

Financially, Flexipol Packaging Limited presents a mixed picture. While revenue remained stable at £33 million, net assets decreased by 8.6% to £10 million. Cash reserves fell by 20% to £1.7 million, and bank borrowings increased by 15% to £5.7 million. Trade debtors rose by 13%, suggesting a potential challenge in collecting payments. Despite these pressures, creditors decreased by 18%, indicating improved debt management. The company's large size (meeting two of three criteria for a large company) suggests a robust operation, but the decline in equity raises questions. The financial statements are unaudited, and no auditor is mentioned, likely due to the company’s size.

The company’s diversification into piano restoration, while unexpected, could be a strategic move to leverage existing skills and resources. However, the financial figures suggest that Flexipol Packaging Limited is facing challenges, and its ability to sustain growth will depend on its ability to manage debt and improve cash flow.

Registered in England/Wales under the registration number 02963868, with a registered address at HG5 8LF, England, Knaresborough, North Yorkshire, C/O Bnl (Uk) Limited, Manse Lane.

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