Global Plastic (uk) Ltd

Global Plastic UK Ltd, based in Colindale, London, is a small, active company founded 11 years ago. With two employees and £1,946,532 in assets, it operates from a virtual address, managed by one director and owner. The business regularly imports textile products, sets, used clothing, and rags (last import in September 2020), while also exporting wood pulp and plant-based fiber materials (last export in April 2020).

The company’s website highlights its focus on recycling plastics for the future, offering services like buying, recycling, and selling various plastic wastes. It caters to businesses looking to clear their sites of unwanted plastics, offering quick payment and flexible terms. The site also details processing services, from simple baling to compounded materials, and emphasizes its ability to transport large amounts of plastic materials. A key selling point is its ability to recycle *all* types of plastic, recovered from a range of applications.

Financially, Global Plastic UK Ltd’s recent performance presents a mixed picture. Accumulated depreciation has increased by 17%, while additions to property, plant, and equipment remained steady. A significant shift is the dramatic decrease in cash bank on hand, falling 50% to £680,000. Bank borrowings have surged, with current and non-financial instruments rising to £87,000 and £680,000 respectively. Creditors have also increased substantially, particularly non-financial instruments, jumping 180%. Despite this, trade debtors have plummeted 90%, suggesting improved collection rates or a change in credit policies. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble, but the decrease in equity and increase in debt raise questions about its financial health. The accounts are unaudited, likely due to its small size, and no auditor is mentioned.

Registered in England/Wales under the registration number 08614293, with a registered address at NW9 5GX, United Kingdom, Colindale, London, 114 Colindale Avenue.

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