Flextex Limited

Flextex Ltd from Preston, UK, is a small, holding company with an active status, celebrating 40 years in business. Founded in 1985, the company employs 21 people and holds assets totaling £4,596,616. It operates from a real address and is overseen by three directors and one owner, maintaining a perfect 5.0 Google rating based on a single review. Flextex is an irregular importer of electrical machinery and equipment, with the last import operation recorded one month ago.

The company's website paints a picture of a large, independent polythene converter, boasting over 30 years of success. Flextex specializes in manufacturing a wide range of plastic packing goods, from bags and covers to sheets and specialist products. They cater to diverse needs, offering bespoke solutions, branded packaging, and even a focus on eco-friendly options like the EcoFlex range. They even offer services like piano restoration.

Financially, Flextex Ltd shows some concerning trends. While net assets increased by 6.9% to £2.1 million, cash reserves decreased by 26% to £480,000. Bank borrowings were reduced by 34% to £23,000, which is a positive sign, but average employee numbers dropped by 14% to 18. Creditors also decreased by 11% to £880,000. 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 agility, but the drop in employee numbers could indicate restructuring or operational changes. There's no auditor mentioned, which is likely due to the company's small size and exemption from an audit.

Registered in England/Wales under the registration number 01886312, with a registered address at PR4 3RB, Preston, Unit 1 Kirkham Trading Park, Freckleton Road Kirkham.

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