Norfran Plastics Limited

Norfran Plastics Ltd, based in North Shields, UK, is a small, holding company with an active status, established 34 years ago in 1990. The company employs nine people and holds £295,980 in assets, operating from a real address with three directors and one owner. It’s an irregular importer, primarily bringing in machinery, boilers, and mechanical appliances; parts, with its last import activity occurring over a year ago in December 2016.

The company's website highlights its role as plastic injection moulding specialists, boasting a respected reputation in the North East of England. From initial design to mass production, Norfran Plastics offers a full range of services, including project management, tooling, and manufacturing. They cater to industries like electronics, pharmaceuticals, and automotive, emphasizing quality and customer service. The website also includes a blog focused on quality injection moulding, and invites customers to call and speak with an engineer.

Financially, Norfran Plastics shows a mixed picture. While current assets increased slightly to £300,000, net assets grew by 11% to £190,000. Bank borrowings remained stable, and cash reserves increased by 14% to £57,000. However, creditors increased by 7.6% to £69,000, and other creditors rose significantly by 47% to £9,300. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) keeps it nimble, but the increase in creditors suggests it may be burning through money. The unaudited figures, overseen by Bannerman Johnstone Maclay, rely on director-reported data.

Overall, Norfran Plastics appears to be holding its own, but the rising creditor balance warrants attention. The company's long-standing reputation and focus on quality are key strengths, but it will need to manage its finances carefully to sustain its position in the competitive plastics manufacturing industry.

Registered in England/Wales under the registration number 02538303, with a registered address at NE29 7TY, United Kingdom, North Shields, Tyne And Wear, West Chirton Trading Estate, West Chirton Trading Estate.

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