Moulded Foams Limited

Moulded Foams Limited, based in Glasgow, UK, is a large, active company established 31 years ago. With 157 employees and £16,612,859 in assets, it’s a significant player in the UK’s foam manufacturing sector. The company reports yearly revenue of £26,366,308 and has five directors and one owner, Thornberry John Reynolds. It regularly imports and exports plastics and plastic products, with 34 months of import activity and 17 months of export activity.

The company’s website showcases its expertise in cellular foam solutions for various industries, including construction, packaging, automotive, and more. It’s not an e-commerce site in the traditional sense; rather, it presents itself as a designer and manufacturer of foam materials, offering bespoke design, technical support, and experienced staff. It highlights its GDeck Insulated Flooring system and other products like EPS boxes, EPP foams, and automotive foams. The site also includes facts and figures, showcasing its manufacturing capabilities and commitment to sustainability.

Financially, Moulded Foams Limited’s recent report reveals a mixed picture. While comprehensive income increased by a substantial 56%, reaching £5.2 million, current assets decreased by 26%, dropping to £17 million. Cash bank on hand also took a hit, falling 42% to £8.1 million. Bank borrowings increased, and trade debtors also rose, suggesting potential challenges in cash flow management. The company’s net assets declined by 15%, settling at £23 million. It’s worth noting that the company's deferred tax liability increased, and restructuring costs were incurred. The company’s auditor, Haines Watts Wales LLP, has given the financial statements a clean opinion.

Despite the financial pressures, Moulded Foams Limited remains a sizable operation, meeting the criteria for a large company with substantial assets and a significant workforce. The company's focus on custom design and technical expertise, combined with its established presence in the market, suggests a resilient business model. The decline in cash reserves and increase in debt, however, warrants close monitoring in the coming year.

Registered in Scotland under the registration number SC146277, with a registered address at G67 3EX, Glasgow, 1 Wardpark Road, Wardpark South, Cumbernauld.

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