Keto Limited

Keto Plastics, based in West Bromwich, UK, is a small holding company with an active status, founded 13 years ago. It employs four people and holds £532,376 in assets, operating from a virtual address shared by 182 other companies. Three directors manage the business, alongside one owner. Keto Plastics regularly exports building supplies, fixings, storage, and wheelbarrows, with 11 months of export activity recorded, the latest in August 2024. It also dabbles in importing plastic goods, with one month of import activity in June 2024.

The company’s website, ketoplastics.co.uk, showcases a specialist supplier of plastic goods for both home and garden, catering to retail and trade customers nationwide. It highlights a new website and store coming soon, emphasizing low prices and a vast building supply range. The company has been operating since 2010 and is now celebrating 2023, with a long-standing phone number and email address.

Financially, Keto Plastics presents a mixed picture. While cash reserves increased significantly by 90% to £320,000, current assets remained relatively stable at £530,000. However, equity plummeted 50% to £220,000, a concerning trend. Trade debtors decreased by 46%, suggesting improved collection efforts, but creditors surged 200%, reaching £330,000 – a potential strain. Bank borrowings increased significantly, reaching £220,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the equity decline warrants closer scrutiny. As a small company, it’s likely exempt from an audit, relying on unaudited financial statements.

Overall, Keto Plastics appears to be navigating a period of change. While its export business seems robust, the decline in equity suggests it may be burning through cash faster than anticipated. The company’s future hinges on its ability to manage its liabilities and capitalize on its niche market position.

Registered in England/Wales under the registration number 04491858, with a registered address at BH2 6LA, United Kingdom, Bournemouth, Dorset, Unit 1, St Stephens Court, 15 - 17 St Stephens Road.

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