Lockwood Packaging Ltd

Lockwood Packaging Ltd from Ipswich UK: small company, holding company, active status, founded 30 years ago, 38 employees, £834,769 assets, real address, 1 director, 2 owners. Regular importer of machinery, boilers, and mechanical appliances; parts (10 months imported). Irregular exporter of optical and medical tools and devices (1 months exported). Lockwood Packaging Ltd operates as a holding company and is a small business, meeting two of three conditions: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. The company, established thirty years ago, currently employs 33 people, a decrease from the previous year. It holds £830,000 in current assets, a slight increase from the previous year.

The company’s website reveals a broader scope of operations than initially apparent. Lockwood Packaging Ltd is part of the Lockwood Group of Companies, a family-run business providing haulage, contract packing, and warehousing services. The group, celebrating its 60th anniversary, operates from Derbyshire and has strategically placed depots across the UK, offering over 600,000 square feet of warehousing space. The website highlights the group’s expertise in logistics, offering services like order picking, packing, and even copacking. They also have a strong focus on building long-term partnerships with customers.

Financially, Lockwood Packaging Ltd shows a mixed picture. While current assets increased slightly to £830,000, net assets plummeted by 43% to £110,000—a significant drop. Bank borrowings surged by 160,000% to £12,000, and cash reserves fell 99% to just £220. Creditors also increased by 21%, suggesting a need to manage debt. The decrease in average employees from 38 to 33 could be related to operational changes or cost-cutting measures. The lack of an auditor mentioned, likely due to its small size, means these figures are unaudited.

Despite these challenges, Lockwood Packaging Ltd seems to be holding its own. The broader Lockwood Group’s diverse services and established reputation provide a solid foundation. However, the sharp decline in equity and increased borrowing raise concerns about the company’s long-term financial health. It’s likely that the company is facing some pressures, but its resilience and diversified business model may help it weather the storm.

Registered in England/Wales under the registration number 02974313, with a registered address at IP7 6BQ, Ipswich, 18 Lady Lane Industrial Estate, Hadleigh.

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