Packaging Services Europe Limited

Packaging Services Europe Ltd, based in Lancaster, UK, is a small, active company founded nine years ago. With 87 employees and £1,482,212 in assets, it operates from a real address and is overseen by two directors and one owner. Its Google rating stands at 3.0 based on 17 reviews, and it’s an irregular importer of plastics and plastic products, with the last import operation occurring two months ago in January 2025.

The company’s website details a comprehensive suite of reusable packaging services. It specializes in washing, inspecting, and repairing plastic packaging, alongside warehousing solutions. It caters to a network of clients across the UK, Ireland, and the Netherlands, offering tailored services for various sectors. The website emphasizes speed, efficiency, and a one-stop-shop approach, with banners promoting wash, inspect, and repair locations and highlighting the benefits of reusable packaging. It’s clear that the company is focused on providing specialized cleaning services for the packaging industry.

Financially, Packaging Services Europe Ltd presents a mixed picture. While net assets increased by 17% to £720,000, several key indicators point to potential challenges. Average employee numbers have decreased by 30%, falling to 61, which could be related to restructuring or seasonal fluctuations. Bank borrowings have decreased by 12%, and cash reserves have fallen by 35%, suggesting tighter liquidity. Trade creditors have increased by 26%, which may indicate increased reliance on supplier credit. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the decrease in employee numbers and cash reserves warrant further scrutiny. The financial statements are unaudited, as the company is exempt due to its size.

Registered in England/Wales under the registration number 09997606, with a registered address at LA1 1EZ, United Kingdom, Lancaster, Lancashire, Fleet House, New Road.

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