Megaplas Limited

Megaplas Limited, based in Burton Upon Trent, UK, is a small, active company founded 11 years ago in 2013. With three employees and £286,552 in assets, it operates from a real address and is overseen by two directors and one owner. The company regularly imports machinery, boilers, and mechanical appliances; parts, with 5 months of import activity recorded, the last in February 2023. It's a wholesale business operating in the intermediate products sector.

The company’s website, Megaplas Limited, focuses on wholesale distribution. It doesn's appear to be an e-commerce site, instead, it’s a business-to-business operation. There's no online shop or direct sales functionality visible.

Financially, Megaplas Limited shows a mixed picture. Current assets decreased by 9.5% to £290,000, while net assets also fell by 9.3% to £91,000. Cash reserves declined by 39% to £34,000, and bank borrowings increased slightly. Creditors decreased by 32%, suggesting better management of short-term debts. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) keeps it nimble, but the decline in equity is noticeable. No auditor is mentioned, likely due to its small size and exemption from an audit. The accounts are abridged and unaudited.

The decrease in cash and net assets could be due to increased investment in inventory or operational expenses—a common occurrence for growing businesses. The decrease in employees reported is also a factor. The company’s long-term stability will depend on maintaining its import relationships and managing its working capital effectively.

Registered in England/Wales under the registration number 08552513, with a registered address at DE13 7HW, England, Burton Upon Trent, 3.6 Archers Business Park Alrewas Road, Kings Bromley.

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