Herald Packaging Limited

Herald Packaging Limited, based in Corby, UK, is a medium-sized family business established 27 years ago. Employing 25 people, the company boasts £9,927,204 in assets and generates £15,210,333 in yearly revenue. With three directors and three owners, the business operates from a real address within the Willowbrook East Industrial Estate and maintains an active status. Google reviews are mixed, currently sitting at a 2.0 rating based on just two reviews. The company regularly imports paper and paperboard products (317 months) and exports aluminum and aluminum products (16 months).

Herald Packaging Limited primarily functions as a manufacturer and wholesaler of plastic products, catering to a wide range of markets across the UK. Its website highlights a focus on providing "greener packaging for forward-thinking businesses," offering a diverse catalogue including drinks on the go items, food packaging, and workwear. The company provides both standard and bespoke printing services, aiming to support marketing efforts and provide customized products.

Financially, Herald Packaging Limited presents a complex picture. While turnover increased slightly to £15 million, net assets declined by 17% to £3.6 million. Bank borrowings have surged by 51%, reaching £2.6 million, while cash reserves have fallen by 38% to £6,400. Creditors have also increased by 52%, suggesting a growing reliance on external financing. Despite these challenges, the company’s assets increased by 22% to £9.9 million. The company's administrative expenses increased by 45%, and the applicable tax rate rose by 32%. The company's auditors are Orcom Civvals Audit Limited.

These trends suggest that while Herald Packaging Limited is experiencing growth in revenue, it’s also burning through cash. The increase in bank borrowings and the decrease in cash reserves indicate a need for careful financial management. The rise in administrative expenses and tax rates further adds to the financial pressure. The company's ability to maintain its growth trajectory while navigating these financial headwinds will be crucial for its long-term success.

Registered in England/Wales under the registration number 03471741, with a registered address at NN17 5XZ, England, Corby, Darwin Road,, Willowbrook East Industrial Estate.

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