Foodpac Technology Ltd

Foodpac Technology Ltd, based in Mickfield, UK, is a small, family-run business with an active status. Founded 14 years ago in 2010, the company employs just two people and holds £518,394 in assets. It operates from a real address and is led by one director and two owners. Foodpac Technology Ltd is a regular importer of paper and paperboard products, with 14 months of import activity recorded, the last in April 2023. The company functions as agents specializing in the sale of other particular products industries.

The company’s website is non-existent, making it impossible to determine if it operates an e-commerce platform or relies solely on wholesale distribution.

Financially, Foodpac Technology Ltd presents a mixed picture. Accumulated depreciation on computer equipment increased by 34%, while furniture fittings saw a 100% jump, suggesting investment in infrastructure. However, advances to directors decreased significantly by 52%, and bank borrowings surged by 140%, indicating a reliance on external financing. Cash reserves plummeted 96%, leaving just £5,100 on hand—a concerning trend. Creditors also decreased by 59%, which could be a positive sign of improved debt management. 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 drop in cash reserves is a red flag. No auditor is mentioned, likely due to its small size and exemption from an audit.

While the company’s import activity suggests ongoing business, the financial data reveals potential strain. The decrease in cash reserves and increase in bank borrowings warrant closer scrutiny. The company’s future success will likely depend on its ability to manage its finances effectively and maintain its position as a reliable importer of paper and paperboard products.

Registered in England/Wales under the registration number 07351574, with a registered address at IP14 5LS, Mickfield, Suffolk, Orwell House, Stonham Road.

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