Glopack Limited

Glopack Limited, based in Palmers Green, UK, is a small, active company founded eight years ago. With a single employee and £276,409 in assets, it operates from a virtual address—a bit odd, really, as seventy other companies share the same location. Ungan Huseyin is both the director and owner, acting as the solo founder of this operation, which boasts an impressive Google rating of 5.0 from 49 reviews. The company specializes in retail sale via mail order houses or via internet industries.

The Glopack website showcases a wide range of eco-friendly food packaging solutions, including boxes, containers, and carrier bags. It’s clearly an e-commerce business, targeting restaurants and food vendors with a focus on sustainability. The site highlights fast delivery, competitive pricing, and a commitment to helping businesses reduce their environmental impact. There's a lot of product categories, and it seems they're trying to be a one-stop shop for all things packaging.

Financially, Glopack Limited has experienced some significant shifts. Cash bank on hand dropped by 12% to £4,000, while creditors have increased substantially, jumping 140% within a year and a whopping 430% for taxation and social security. Current assets, however, have surged by a remarkable 610% to £280,000, and debtors have increased by 810% to £270,000. Equity has also improved, growing by 140% to £61,000. It's a mixed bag, really. The sharp increase in debtors could indicate a need to improve collections, or it could reflect a period of rapid growth. The lack of finished goods or inventory is also noticeable, suggesting a just-in-time approach to stock management. As a small company, it’s exempt from an audit, so the figures are unaudited.

Overall, Glopack Limited appears to be navigating a period of change. While the financial picture is complex, the strong Google rating and focus on eco-friendly products suggest a business with potential—though keeping a close eye on those creditors will be important.

Registered in England/Wales under the registration number 10169011, with a registered address at N13 4XS, United Kingdom, Palmers Green, London, 293 Green Lanes.

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