Glopack Solutions Limited

Glopack Solutions Ltd, based in Newhaven, UK, is a small holding company with an active status, established seven years ago. The company employs a single individual and holds £72,925 in assets, operating from a virtual address shared by twenty-four other companies. It's led by one director and one owner, and enjoys a stellar 5.0-star Google rating based on 49 reviews. Glopack Solutions regularly imports machinery, boilers, and mechanical appliances, with its last import activity occurring seven months ago in September 2020.

The company’s website, EcoFriendly Food Packaging Solutions, showcases a range of sustainable food packaging options, including boxes, containers, and carrier bags. It caters to various food service businesses, emphasizing eco-friendly materials, diverse product ranges, and expert advice. The site highlights its commitment to sustainability, brand enhancement, and quality assurance, offering solutions for dry snacks, saucy dishes, and more. It even has a blog section, which is a nice touch.

Financially, Glopack Solutions Ltd presents a mixed picture. Current assets have taken a significant hit, dropping 39% to £73,000, and net assets are down 19% to -£210,000. Bank borrowings have increased by 11% to £5,600, while cash reserves have plummeted 61% to just £340. Creditors have also decreased, which is a positive sign. The company’s small size—meeting two of three conditions for being classified as small—helps it remain flexible. There's no mention of an auditor, which is common for companies of this size, and the accounts are unaudited.

It seems Glopack Solutions is facing some financial headwinds, despite its strong Google rating and focus on eco-friendly solutions. The decrease in assets and increase in borrowings suggest the company is burning through cash, but the decrease in creditors shows some effort to manage debt. Whether it can sustain its growth and maintain its excellent reputation remains to be seen.

Registered in England/Wales under the registration number 11314214, with a registered address at BN9 9TD, England, Newhaven, East Sussex, 66 Haven Way.

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