Mongoose Plastics Limited

Mongoose Plastics Ltd from Glenrothes UK: a small, active company established 42 years ago, boasts six employees and holds £112,410 in assets. With four directors and two owners, it's a family business maintaining a respectable Google rating of 4.0 from four reviews. The company operates from a real address and functions as an irregular importer of plastics and plastic products (2 months imported) and a regular exporter (4 months exported).

The company's website reveals a focus on vacuum forming and plastic fabrication, offering services ranging from small quantity trays to millions of packaging solutions for industries like electronics, medical, and automotive. They specialize in custom forming, machining, assembly, and printing, and hold a large range of ESD products. The company’s quality system is certified to BS EN ISO 9001, emphasizing commitment to zero defects and on-time delivery. Their website also includes contact details, opening hours, and a link to a page with ISO certificates.

Financially, Mongoose Plastics Ltd shows a mixed picture. Current assets have decreased by 36% to £110,000, while net current assets have fallen even further, dropping 60% to just £15,000. Trade debtors have plummeted by 65%, suggesting a potential issue with customer payments, while creditors have also decreased. Bank borrowings have also fallen, which is good. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decline in equity raises concerns. As a small company, it's exempt from an audit, so the figures are unaudited.

Overall, Mongoose Plastics Ltd appears to be navigating a challenging financial landscape. While its established reputation and commitment to quality are strengths, the company will need to address the declining assets and manage its debts carefully to ensure long-term sustainability.

Registered in Scotland under the registration number SC081787, with a registered address at KY6 2SD, Scotland, Glenrothes, Fife, 57 Nasmyth Road, Southfield Industrial Estate.

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