Gulf Plastics Limited

Gulf Plastics Limited, based in Bolton, UK, is a small, holding company with an active status. Established ten years ago in 2014, it employs just two people and holds £160,155 in assets. The company has a real registered address and is overseen by two directors and one owner. It’s an irregular importer, with no import activity recorded for the last year, but a regular exporter of wood pulp and plant-based fiber materials, with 21 months of export activity, the last being February 2025.

The company operates in the recovery of sorted materials, offering a wide range of recyclable waste materials for sale and purchase via its website. It caters to recycling plants and companies, offering PVC, mixed papers, shredded tires, and more. The site highlights its global reach, competitive pricing, and commitment to quality, and even offers a callback request form. It’s a family-run business with a presence in multiple countries, including India, the UAE, America, Africa, and Europe.

Financially, Gulf Plastics Limited is showing some concerning trends. Current assets have plummeted by 67%, falling to £160,000, while net assets have also seen a significant drop of 71%, now sitting at £55,000. Cash reserves have been halved, decreasing by 51% to £120,000. Trade debtors have also seen a dramatic decrease, falling by 88% to just £29,000. Creditors have also decreased, falling by 61% to £120,000. The company's small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the decline in equity is a worry. The accounts are abridged and unaudited, and no auditor is mentioned.

It’s clear the company is facing some financial pressures, and the sharp drop in assets suggests it’s burning through cash. Whether this is a temporary setback or a longer-term issue remains to be seen, but it’s something to keep an eye on.

Registered in England/Wales under the registration number 09272252, with a registered address at BL1 4QR, England, Bolton, Suite D, 5, Chorley New Road.

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