Lincoln Polythene Limited

Lincoln Polythene Ltd, based in Lincoln, UK, is a small holding company with an active status, celebrating 30 years in business. Founded in 1994, the company employs 36 people and holds £7,393,696 in assets. With three directors and one owner, it operates from a real address and maintains a real presence in the local business community. The company regularly imports plastics and plastic products—70 months of import activity recorded, with the latest in January 2025—while occasionally exporting electrical machinery and equipment, with just one month of export activity in February 2024.

Lincoln Polythene’s website highlights its role as a manufacturer and converter of printed and plain flexible films. It offers a range of products, including mailing bags, and emphasizes its ability to deliver custom solutions with various colours, film thicknesses, and conversion facilities. The company also promotes its commitment to environmental practice, recognizing the challenges facing the packaging industry. Its website is a good sign of a company that’s trying to sell its products directly.

Financially, Lincoln Polythene Ltd presents a mixed picture. Current assets increased by 20% to £7,400,000, while net assets rose 18% to £5,700,000. However, bank borrowings jumped by a significant 500%, reaching £500,000, and cash reserves grew by 40% to £6,000,000. Trade debtors decreased by 47%, which could be a good sign of improved collection practices. The company’s small size—meeting two of three criteria for being a small company—allows for agility, but the increase in borrowings warrants further observation. The company is exempt from an audit, so the figures are unaudited.

The company’s workforce has been reduced by 44% to 20 employees, which could be a result of streamlining operations or a reflection of broader economic pressures. While the company’s assets are substantial, the increase in borrowings suggests a need to carefully manage its finances. It's likely that the company is burning through money.

Registered in England/Wales under the registration number 02928762, with a registered address at LN5 8LG, Lincoln, Units 2 - 5 George Street, Great Northern Terrace.

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