Magnum Packaging (n.e.) Limited

Magnum Packaging Ne Ltd, based in Billingham, UK, is a large, holding company with an active status, celebrating 41 years in business. Employing 90 people and boasting assets of £14,350,345, the company generates an impressive £41,372,706 in yearly revenue. It operates from a real address and is overseen by one director and one owner, running an e-commerce site and maintaining a 4.0 Google rating based on 29 reviews. The company regularly imports plastics and plastic products (for 12 months) and exports paper and paperboard products (for a remarkable 285 months).

The company’s website showcases a wide range of catering and polythene packaging solutions, alongside bespoke design and print services. It’s clear that Magnum Packaging caters to businesses seeking reliable packaging for food, industrial, and commercial use. The site emphasizes quality, 24-hour delivery, and an eco-friendly range, highlighting a commitment to customer satisfaction.

Financially, Magnum Packaging’s recent performance reveals some concerning trends. While turnover remained steady, net assets took a significant hit, dropping 92% to just £530,000. Bank borrowings also increased substantially, rising 2,400% to £3,300,000, while cash reserves fell 30% to £2,100,000. Creditors, however, decreased by 33%, suggesting improved debt management. The company’s size (meeting two of three criteria for a large company) means it’s exempt from a full audit, so the numbers are unaudited. Despite this, the substantial decline in equity and increased borrowing raise questions about the company’s financial health.

The company's auditor, Chipchase Manners, has reported that they have nothing to report in regards to the strategic report, and the director's report. Overall, Magnum Packaging is a well-established player in the packaging industry, but recent financial trends suggest it's navigating a challenging period.

Registered in England/Wales under the registration number 01764041, with a registered address at TS23 4BY, England, Billingham, Magnum House Magnum Packaging Ne Ltd Macklin Avenue, Cowpen Lane Industrial Estate.

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