Icon Plastics Limited

Icon Plastics Ltd, based in Stockton On Tees, UK, is a small, active family business established 23 years ago. Employing 55 people, the company holds £4,246,170 in assets and operates from a real address. With two directors and two owners, it’s a tightly run operation. The company regularly imports machinery, boilers, and mechanical appliances – parts, with 5 months of import activity recorded, and exports plastics and plastic products, with 10 months of export activity.

The company’s website highlights its role as a precision injection moulding and manufacturing business, offering an "Integrated Manufacturing Solution" for plastic components. They cater to industries like automotive, industrial, construction, and telecommunications, emphasizing design, tooling, and post-moulding processes. Their website boasts of working with clients from design to manufacture and beyond, offering a competitive cost solution and even disaster recovery services. They even have a section for investments and case studies.

Financially, Icon Plastics Ltd shows some interesting trends. Accrued liabilities decreased by 42%, while property plant equipment grew by 20%. Bank borrowings also decreased by 48%, which is a positive sign. However, corporation tax payable increased significantly by 310%, and cash reserves fell by 9%. Creditors also decreased by 24%, suggesting improved debt management. The company meets two of three criteria to be considered small, with a turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The increase in average employees from 55 to 63 suggests growth, but the significant rise in corporation tax payable is something to watch. With no auditor mentioned, the figures are unaudited.

Overall, Icon Plastics Ltd appears to be a stable, family-run business navigating the challenges of growth. Their focus on integrated manufacturing and customer service seems to be paying off, but the rising tax burden could be a concern in the future.

Registered in England/Wales under the registration number 04218568, with a registered address at TS16 0RB, United Kingdom, Stockton On Tees, 4 Sowerby Way Durham Lane Industrial Park, Eaglescliffe.

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