Packaging Products (coatings) Ltd

Packaging Products Coatings Ltd, based in Manchester, UK, is a small, holding company with an active status. Established 35 years ago in 1990, the company employs 30 people and holds assets totaling £3,656,916. With seven directors and two owners, it operates from a real address and regularly imports and exports paper and paperboard products – 139 months of imports and 200 months of exports recorded.

The company’s website showcases a focus on non-slip pallet liners and related products, catering to industries like food, healthcare, automotive, and building. It manufactures a range of items, including bitumen papers, waterproof liners, and cargo restraint systems, with a strong emphasis on recyclability and safety. The website also highlights a modern blog with technical articles and advice. It even has a section on TyGard 2000, a container restraint system.

Financially, Packaging Products Coatings Ltd presents a mixed picture. Cash bank holdings increased significantly by 46%, reaching £1.3 million, which is a positive sign. However, net assets decreased by 9.3% to £1.9 million, and net current assets dropped by 13% to £1.7 million. Creditors increased by 39%, reaching £1.9 million, and other creditors jumped a massive 430% to £740,000. It’s worth noting that the company’s average number of employees grew by 6.7% to 32. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. No auditor is mentioned, likely due to its small size.

The increase in creditors and the decrease in net assets suggest the company may be using more credit to finance its operations, and the decrease in net assets could be due to increased investment or reduced profitability. However, the strong cash position and continued import/export activity indicate it’s not in immediate distress. The company’s focus on niche products and its commitment to sustainability could help it maintain a competitive edge in the long run.

Registered in England/Wales under the registration number 02480123, with a registered address at M40 7RT, England, Manchester, Little Green Works Collyhurst Road, Cheetham Hill.

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