Foremost Packaging Ltd

Foremost Packaging Ltd, based in Paignton, UK, is a small holding company with an active status, celebrating 35 years in business. Founded in 1989, the company employs 21 people and holds assets totaling £1,134,880. It operates from a real address and is overseen by three directors and one owner. The company is an irregular importer, primarily dealing with electrical machinery and equipment, with its last import operation occurring in April 2024.

Foremost Packaging Ltd specializes in the manufacture of plastic packing goods, catering to the hospitality industry. Its website, Foremost Products, functions as an e-commerce platform, offering a wide range of supplies for hotels, restaurants, bars, and conference venues. The site showcases a diverse product line, including takeaway disposables, eco-friendly packaging, promotional gifts, and personalized items. It even has a section dedicated to hotel supplies, highlighting its expertise in this sector. The company emphasizes competitive pricing, a best price guarantee, and secure ordering, aiming to provide a convenient and reliable source for hospitality businesses.

Financially, Foremost Packaging Ltd has experienced a mixed year. Current assets have declined by 19%, dropping to £1,100,000, while net assets have fallen by 18%, settling at £580,000. Bank borrowings have decreased by 19%, reaching £40,000, and cash reserves have fallen by 35%, leaving £150,000. Trade creditors have decreased by 19%, suggesting improved debt management. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decline in equity raises questions. With no auditor mentioned, the figures are unaudited.

Overall, Foremost Packaging Ltd appears to be navigating a challenging economic climate, maintaining its core business while adapting to changing market conditions. The company's focus on customer service and a diverse product range may help it weather these pressures, but its financial performance warrants close monitoring.

Registered in England/Wales under the registration number 02422231, with a registered address at TQ4 7TW, Paignton, Devon, 1 Kemmings Close.

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