Norham Plastics Limited

Norham Plastics Ltd from Barnsley, UK, is a small, active company founded 17 years ago. With 13 employees and £5,480,720 in assets, it operates from a virtual address, managed by four directors and two owners, and enjoys a stellar 5.0 Google rating based on three reviews. The company is an irregular importer of machinery, boilers, and mechanical appliances; parts, with one month of import activity recorded, and a regular exporter of the same, with three months of export activity.

The company's website, Norham Plastics, details its services in plastic injection molding, catering to a range of industries. It's a private limited company, and the site highlights its commitment to quality and customer service. While the website doesn's explicitly state an e-commerce presence, it does showcase a portfolio of plastic products and services, suggesting a business-to-business model.

Financially, Norham Plastics Ltd demonstrates a mixed picture. Current assets increased by 12%, reaching £5,500,000, while net assets grew by 7.3%, reaching £6,800,000. Bank borrowings remained relatively stable, and cash reserves increased by 9.5%, to £4,900,000. However, trade debtors rose significantly, by 46%, to £520,000, which could indicate challenges in collecting payments. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the rise in debtors warrants attention. The company is exempt from an audit, so the figures are unaudited.

The company’s financial data reveals a concerning trend in depreciation. While the company’s assets are growing, the accumulated depreciation impairment for property, plant, and equipment has also increased, suggesting that the company’s assets are aging. The company’s workforce has also decreased slightly, by 7.7%, from 13 to 12 employees.

Registered in England/Wales under the registration number 06308973, with a registered address at S70 2SB, United Kingdom, Barnsley, South Yorkshire, Old Linen Court, 83-85 Shambles Street.

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