Horizons Resources Ltd

Horizons Resources Ltd, based in Colindale, UK, is a small, active company founded five years ago. With three employees and £765,899 in assets, it operates from a virtual address—a detail flagged by the presence of 193 other companies registered at the same location. It’s led by a solo founder and a single director, and currently holds a perfect 5.0 Google rating based on one review. The company is an irregular importer of plastics and plastic products, with the most recent import activity recorded just one month ago in April 2024.

The company’s website highlights its specialization in sustainable recycling solutions for postconsumer plastic waste, transforming it into high-purity recycled plastic pellets suitable for EU and UK manufacturers. It emphasizes global partnerships to minimize environmental and financial impacts, producing recycled pellets that meet EU and UK regulations. Horizons Resources offers closed-loop recycling, collecting plastic materials from across the UK and processing them at its facility in Telford, UK. The company also supplies recycled resin pellets in various types of plastic, and caters to clients seeking hassle-free waste management and manufacturing services.

Financially, Horizons Resources Ltd shows a mixed picture. Current assets decreased by 26% to £770,000, while net assets increased by 14% to £240,000. Bank borrowings increased by a significant 140%, reaching £990, and cash reserves grew by a substantial 59% to £530,000. Creditors decreased by 36%, suggesting improved debt management. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the decrease in finished goods by 75% to just £74,000 could indicate challenges in inventory management. With no auditor mentioned, the figures are unaudited. The company’s focus on sustainable recycling, combined with its growing cash reserves, suggests a promising future—though careful attention to inventory and debt management will be crucial.

Registered in England/Wales under the registration number 12297107, with a registered address at NW9 5GX, United Kingdom, Colindale, London, 114 Colindale Avenue.

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