Oye Packaging Ltd

Oye Packaging Ltd from Belfast UK: a small holding company with an active status, was founded seven years ago and employs thirteen people. The company holds £764,770 in assets, operates from a real address, and is managed by one director and one owner, boasting a Google rating of 4.0 from twenty-four reviews. It’s a regular importer of plastics and plastic products, with thirty months of import activity recorded, the latest in February 2025.

The company operates in the packaging activities industries, and its registration address is BT12 6HU, Northern Ireland, Belfast, 2-26 Boucher Place. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The website is currently unavailable, displaying an error message indicating incompatibility with the browser. This suggests a lack of active online presence or a technical issue.

Financially, Oye Packaging Ltd shows a mixed picture. Current assets have decreased by 18% to £760,000, while net assets have fallen 16% to £420,000. Bank borrowings have decreased by 27% to £6,500, and cash reserves have plummeted 81% to £30,000. Creditors have decreased by 5.5% to £520,000, suggesting better debt management. The company’s small size helps it stay agile, but the sharp equity drop raises questions. The lack of an auditor mentioned (likely exempt as a small company) means the figures rely on unaudited statements.

Overall, Oye Packaging Ltd seems to be facing some financial pressures, with declining assets and cash reserves. However, the decrease in creditors suggests a focus on managing debt. The company’s future hinges on its ability to navigate these challenges and maintain its position as a regular importer of plastics.

Registered in Northern Ireland under the registration number NI652972, with a registered address at BT12 6HU, Northern Ireland, Belfast, 2-26 Boucher Place.

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