Foundation Packaging Limited

Foundation Packaging Ltd, based in Doncaster, UK, is a small, active company established 26 years ago. Employing 18 people and holding assets of £2,375,826, it’s a well-established player in its sector. The company has two directors and two owners, with a real registered address shared by only two other businesses. It operates as an irregular importer of paper and paperboard products, with the last import occurring two years ago, and an irregular exporter of various textile products, sets, used clothing, and rags, with the last export being over a year ago.

The company’s website, while functional, reveals some technical issues, with several error messages appearing on the page. Despite these problems, the site showcases a wide range of packaging products, from environmental bags to plastic-free options, catering to various sectors. It seems the company primarily operates as a wholesaler, supplying businesses with their packaging needs.

Financially, Foundation Packaging Ltd presents a mixed picture. Current assets have increased slightly, rising by 1.7% to £2,400,000, while net assets have seen a more substantial jump of 11% to £1,500,000. Bank borrowings have decreased by 9.4%, down to £59,000, and cash reserves have increased significantly, rising by 130% to £200,000. However, trade debtors have fallen by 16%, suggesting potential issues with customer payments. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There’s no auditor mentioned, which is common for small companies.

Overall, Foundation Packaging Ltd appears to be financially stable, with growing assets and improved cash flow. The decrease in trade debtors is something to monitor, but the company’s solid foundation and diverse product range suggest a healthy outlook. The technical glitches on the website could be a minor distraction, but addressing them would improve the customer experience.

Registered in England/Wales under the registration number 03691987, with a registered address at DN2 4SE, Doncaster, South Yorkshire, Unit 8 Shaw Lane Industrial Estate, Ogden Road.

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