Mondi Birmingham Limited

Schumacher Packaging Ltd, based in Birmingham, UK, is a well-established company with a 48-year history and an active status. Employing 92 people and boasting assets of £5,888,935, it’s considered a large company having met two of three criteria: turnover exceeding £36 million, balance sheet total over £18 million, and more than 250 employees. The company operates from a real address and is overseen by four directors and one owner. It has a strong Google rating of 4.0 based on three reviews.

Schumacher Packaging is a significant importer and exporter of machinery, boilers, and mechanical appliances parts, with 97 months of import activity and 6 months of export activity. The company's website reveals it's a comprehensive packaging solutions provider, specializing in corrugated cardboard and its conversion into various products. It offers services like digital printing, custom packaging development, and even operates a webshop for e-commerce clients. The website also highlights its expertise in areas like food packaging, logistics, and automotive industries. It seems they're also undergoing a transition, with a mention of being acquired by Mondi Group.

Financially, Schumacher Packaging Ltd shows a mixed picture. While the company’s assets remain substantial, several key metrics have shifted. Cash reserves have fallen by a significant 81%, dropping to £160,000. Bank borrowings have surged by 130%, reaching £3.2 million. Trade debtors have increased by 890%, suggesting potential issues with customer payments. However, creditors have decreased by 18%, which could indicate better management of short-term liabilities. Net losses deepened by 210%, reaching -£1 million. The lack of an auditor mentioned suggests the figures are unaudited.

The company’s large size and established presence suggest a degree of stability, but the decline in cash and the increase in debt raise concerns. The acquisition by Mondi Group could offer a lifeline, providing access to greater resources and expertise, but it also signals a period of change and potential restructuring.

Registered in England/Wales under the registration number 01259298, with a registered address at B37 7HB, Birmingham, West Midlands, Birmingham International Park, Starley Way.

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