North East Panel Products Limited

North East Panel Products Ltd from Washington, Tyne And Wear UK is a small, active company founded 22 years ago. Employing 20 people, it holds £872,086 in assets and boasts a respectable 4.0 Google rating from 21 reviews. The company is run by two directors and two owners, with a real address and operates as an irregular importer of plastics and plastic products, with just two months of import activity recorded.

The company's website showcases a range of products and services, including brochures and stock offers, suggesting a focus on manufacturing and supply. It appears to be primarily a B2B operation, with no obvious e-commerce functionality. The website’s simple layout and limited content indicate a traditional, rather than a digitally-driven, business model.

Financially, North East Panel Products Ltd presents a mixed picture. While current assets have decreased slightly to £870,000, bank borrowings have increased significantly, reaching £29,000—a jump of 2,400%. Cash reserves have also fallen by 3.9% to £260,000. Creditors have risen by 7.2% to £220,000, and trade debtors have plummeted by 66%, which could be a cause for concern. Despite these challenges, the company’s equity has increased by 6.2% to £740,000, and profit loss has decreased by 97% to just £1,300. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sharp decline in profit and the rise in borrowings suggest it's burning through cash. No auditor is mentioned, likely due to the company's small size and exemption from audit.

Registered in England/Wales under the registration number 04547574, with a registered address at NE38 8QJ, United Kingdom, Washington, Tyne And Wear, 20 Faraday Close, Pattinson North Ind Est.

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