Opak Limited

Opak Ltd from Ashford UK: a small, active company founded twelve years ago, employs twelve people, and holds assets of £3,096,208. It has a real address, two directors, one owner, and a solid Google rating of 4.0 based on twenty-two reviews. The company regularly imports plastics and plastic products, with recent activity recorded in December 2024.

The company operates as an agent specializing in the sale of other particular products, and its website, while not providing detailed e-commerce functionality, suggests a focus on packaging supply. It’s a small business, meeting two of three conditions to be classified as such: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than fifty employees.

Financially, Opak Ltd shows some concerning trends. Accumulated depreciation on property, plant, and equipment has increased, with computer equipment seeing a 12% rise. Cash bank on hand has improved by 5%, but current assets have decreased by 24% to £3.1 million. Debtors have taken a significant hit, dropping 53% to £890,000, while creditors have also fallen, by 39% to £580,000. Equity has also declined, by 19% to £2.5 million. Despite these challenges, the company’s cash reserves remain at a respectable £1.8 million. It’s important to note that the company is exempt from an audit, and the figures are unaudited.

The company’s financial data suggests it's facing some headwinds, although its strong cash position provides a buffer. The decrease in debtors could be due to improved collection practices or a shift in customer payment terms, but it's something to keep an eye on. The decline in equity, however, indicates that the company may be burning through money, and it’s important to see if this is a temporary situation or a longer-term trend. The lack of any mention of an auditor suggests a focus on keeping costs down, which is understandable for a small business, but it also means that the financial statements are not subject to external scrutiny.

Registered in England/Wales under the registration number 08111984, with a registered address at TN24 8JR, England, Ashford, Chandler Tuck Ltd, 1st Floor 30 North Street.

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