Labelnet Ltd

Labelnet Ltd, based in Witham, UK, is a small, active company established 26 years ago. Employing 36 people, it holds £2,510,048 in assets, although its registered address is likely a virtual one, as 93 companies share the same location. The business is run by three directors and one owner, and regularly imports plastics and plastic products (10 months) while exporting printed materials like books, newspapers, and pictures (22 months).

Labelnet specializes in premium label printing, catering to a wide range of industries, from candles and cosmetics to food and healthcare. Its website showcases a comprehensive range of services, including bespoke design, various embellishments like hot foiling, and a focus on sustainable options. The company operates both digital and flexographic printing methods, and even offers video gallery showcasing its machinery. It’s clear that Labelnet aims to be a one-stop shop for businesses needing high-quality labels.

Financially, Labelnet’s recent performance shows some concerning trends. While cash bank holdings increased significantly by 180% to £39,000, net assets decreased by 1.9% to £650,000. Bank borrowings increased by 5% to £800,000, and net current assets liabilities increased by 97% to -£190,000. Creditors also increased by 10% to £2,700,000. Despite these pressures, the company’s turnover is likely under £10.2 million, and its balance sheet total is under £5.1 million, classifying it as a small company. There’s no mention of an auditor, which is common for companies of this size.

The increase in bank borrowings, coupled with the negative net current assets, suggests Labelnet may be relying on credit to maintain operations. It’s possible the company is investing in new equipment or expanding its services, but the financial data indicates a need for careful management. The business’s long-standing presence and diverse range of services, however, suggest it has the potential to weather these challenges and continue serving its customers.

Registered in England/Wales under the registration number 03750932, with a registered address at CM8 1BJ, Witham, Essex, Dickens House, Guithavon Street.

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