Mclaren Plastics Limited

McLaren Plastics Ltd, based in Midlothian, UK, is a small, family-run business with an active status, celebrating 64 years in operation. Employing 33 people and holding assets of £1,233,030, the company operates from a real address and is managed by two directors and owners. It’s an irregular importer of machinery, boilers, and mechanical appliances, with recent activity recorded two months ago, but a regular exporter of plastics and plastic products, with six months of export activity as of June 2024.

The company’s website highlights its expertise in plastic injection molding, serving both custom and own-brand products. Established in 1960, McLaren Plastics Ltd has longstanding customers, some dating back nearly 40 years. While the site emphasizes quality and customer service, it also mentions tool design and manufacture, injection molding, and a small range of own-brand products. The company's core business is the manufacture of plastic packing goods, other plastic products, and builders’ ware.

Financially, McLaren Plastics Ltd presents a mixed picture. Current assets have decreased by 6% to £1,200,000, while bank borrowings have increased significantly by 52% to £17,000. Creditors have also fallen by 22% to £260,000. Cash reserves have grown by 23% to £670,000, a positive sign. The company’s small size—meeting two of three criteria for a small company—allows for agility. However, the increase in bank borrowings and decrease in debtors by 34% to £300,000 suggests potential cash flow pressures. The deferred tax expense credit relating to origination reversal timing differences has increased by a whopping 210% to £9,000. The company’s accounts are unaudited, likely due to its status as a small company. It’s worth noting that the company's net assets remained stable at £1,400,000.

Registered in Scotland under the registration number SC035460, with a registered address at EH20 9QH, Midlothian, Pentland Industrial Estate, Loanhead.

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