Mclaren Packaging Limited

McLaren Packaging Ltd, a holding company established 45 years ago, is a well-regarded player in the UK’s corrugated paper and paperboard manufacturing sector. Based in Port Glasgow, Scotland, the company employs 110 people and holds assets valued at £19,295,065. It’s overseen by three directors and has a single owner, and boasts a perfect 5.0-star Google rating based on three reviews. The company regularly imports machinery, boilers, and mechanical appliances, and exports similar items, indicating a global supply chain.

The company’s core business revolves around manufacturing corrugated paper and paperboard, with associated products like sacks and bags. It also owns several subsidiaries, including McLaren Corrugate Limited, Glenhaze Limited, Packsure Limited, and Compack Limited, expanding its reach within the packaging industry. The company’s website, while not explicitly e-commerce, showcases its range of products and services, highlighting its commitment to quality and customer satisfaction.

Financially, McLaren Packaging Ltd presents a mixed picture. While current assets remain substantial at £19,295,065, there are some concerning trends. Accrued liabilities have doubled, from £350,000 to £740,000, and deferred income has also increased significantly. Bank borrowings have surged, jumping from zero to £3.3 million, and cash reserves have fallen. On a brighter note, the company has managed to reduce its reliance on short-term creditors, with a decrease in accrued liabilities. The company's auditor is Azets Audit Services. The company's net assets have decreased by 13%.

Despite these challenges, McLaren Packaging Ltd’s long history and established market position suggest resilience. The increase in bank borrowings could be attributed to investments in new equipment or expansion, and the company’s strong Google rating indicates positive customer perception. The company’s financial statements are unaudited. Overall, McLaren Packaging Ltd appears to be a stable, albeit financially stretched, business navigating the complexities of the packaging industry.

Registered in Scotland under the registration number SC068174, with a registered address at PA14 5XH, Gareloch Road, Port Glasgow.

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