Hi-tech Plastics Limited

Hi-Tech Plastics Limited, based in Blackburn, UK, is a small, active company founded 22 years ago in 2002. With 32 employees and £1,397,685 in assets, it operates from a real address in Shadsworth Business Park. The company is led by two directors, including Lang Dennis Peter, who also serves as the sole owner. It holds a 3.0 rating on Google based on seven reviews. Hi-Tech Plastics specializes in the manufacture of other plastic products, and it’s an irregular importer and exporter of machinery, boilers, and mechanical appliances; parts, with recent activity recorded in October 2024 for imports and August 2023 for exports.

The company’s website, while not providing detailed information, suggests a focus on plastic injection molding services. It’s a private limited company and the accounts are abridged, meaning they don’t include a full profit and loss account. The company is entitled to exemption from an audit under the Companies Act.

Financially, Hi-Tech Plastics shows some interesting trends. Cash reserves have dramatically increased, soaring 280,000% to a substantial £400,000. However, creditors have also risen, with trade creditors increasing by 5.3% to £830,000. Equity has improved significantly, growing 37% to £1.1 million. A notable decline is seen in fixed assets, dropping 12% to £540,000. The company’s small size—meeting two of three conditions for being classified as small—helps it remain flexible, but the increase in creditors might indicate a need to manage cash flow more carefully. There is no auditor mentioned, which is common for companies of this size. It’s likely the company is facing some challenges, but it's also showing signs of growth and stability.

Registered in England/Wales under the registration number 04541334, with a registered address at BB1 2PT, Blackburn, Lancashire, Unit 1 Sett End Road North, Shadsworth Business Park.

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