Newtown Packaging Limited

Newtown Packaging Ltd from Worcestershire UK: a small, holding company with an active status, was founded 48 years ago in 1977. The company employs 25 people and holds £3,346,981 in assets. It’s led by two directors and has one owner, boasting a stellar 5.0 Google rating based on 18 reviews. Newtown Packaging regularly imports plastics and plastic products (53 months) and exports machinery, boilers, and mechanical appliances; parts (20 months).

The company operates in the wholesale of other intermediate products industries, and is a small business as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, and employees less than 50. It’s a holding company, and its status is active. The company is owned by Verco Holdings Ltd, and the directors are Verrall Susan Elizabeth and Verrall Luke Ashley.

While the company website is not available, it’s likely that Newtown Packaging operates primarily as a wholesale supplier, serving businesses that need plastic packaging and related machinery. It’s probably a B2B operation rather than direct-to-consumer.

Financially, Newtown Packaging Ltd shows some concerning trends. Current assets have decreased by 6.9% to £3,300,000, while net assets have fallen 6.3% to £1,900,000. Bank borrowings have remained stable, and cash reserves have dropped 12% to £1,300,000. Creditors have increased by 8.9%, suggesting a need for better cashflow management. The company’s liabilities have also risen, with a 220% increase in provisions for liabilities. Despite these challenges, the company’s small size allows it to remain agile. The lack of an auditor mentioned (likely exempt as a small company) means the figures rely on unaudited statements.

Overall, Newtown Packaging Ltd appears to be navigating a period of financial pressure. The company's long history and strong Google rating suggest a solid foundation, but the recent trends indicate a need for careful management to ensure its continued success.

Registered in England/Wales under the registration number 01313265, with a registered address at B98 8JY, Worcestershire, 80 Arthur Street, Redditch.

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