Mcshane Packaging Limited

Mcshane Packaging Ltd from Armagh UK: a small, holding company with an active status, was founded 19 years ago. With 32 employees and £2,460,533 in assets, it’s a modest operation led by six directors and a single owner, all while maintaining a perfect 5.0 Google rating from three reviews. The company regularly imports machinery, boilers, and mechanical appliances—parts, with the last import activity occurring just three months ago.

The company operates in the manufacture of plastic packing goods industries. It’s a small company, 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 is a holding company.

The website, Mcshane Packaging, details a range of plastic packaging solutions. While it doesn’t appear to be a full-blown e-commerce site with online ordering, it showcases the company’s capabilities and product catalog, suggesting a business-to-business model.

Financially, Mcshane Packaging Ltd presents a mixed picture. While net assets increased by 11% to £3.8 million, cash reserves fell by almost 10% to £530,000. Creditors surged by 21% to £1.9 million, while trade debtors increased by 23% to £1.1 million. Bank borrowings have decreased significantly, by 100%, to zero. The company’s average number of employees has increased by 56% to 50, which may be contributing to the rise in creditors. The lack of an auditor mentioned suggests the company is exempt as a small company, and the figures are unaudited.

The company's increased employee count and rising creditors suggest it may be experiencing growth pains, but the increase in net assets indicates a healthy underlying business. The company’s long-standing presence and positive Google rating suggest a stable and well-regarded operation within its local market.

Registered in Northern Ireland under the registration number NI056593, with a registered address at BT61 8DJ, Northern Ireland, Armagh, 12a Aghanore Road.

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