Partners In Packaging Machine Systems Limited

Partners In Packaging Machine Systems Ltd from Heywood UK: a small, active company founded 14 years ago, employs nine people, and holds £802,162 in assets. It’s a real address, with two directors and two owners, and boasts a respectable Google rating of 4.0 based on one review. The company regularly imports machinery, boilers, and mechanical appliances, with parts imported for 30 months, the last operation occurring in July 2019.

The company’s website showcases a range of specialized machinery for packaging and feeding systems. They offer solutions like denesters, card feeding, lidding machines, and even self-play systems for pianos – a surprising diversification. The site highlights its products and services, and encourages visitors to sign up for news and updates. It's clear they’re targeting businesses needing automated packaging solutions, and even offering bespoke systems.

Financially, Partners In Packaging Machine Systems Ltd presents a mixed picture. Current assets have increased by 16%, reaching £800,000, while net assets have seen a remarkable jump of 3,200%, now standing at £310,000. However, bank borrowings have decreased by 16%, and cash reserves have increased by 73%, to £56,000. Creditors have also decreased by 27%, suggesting improved debt management. 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. There’s no mention of an auditor, which is typical for small companies.

The increase in net assets is a positive sign, indicating improved profitability or equity investment. However, the fluctuating figures for bank borrowings and cash reserves suggest the company is actively managing its finances. It’s likely that the company’s focus on specialized machinery and its diversified product range is contributing to its financial stability, although the lack of detailed information makes it difficult to draw firm conclusions.

Registered in England/Wales under the registration number 07529045, with a registered address at OL10 1ND, England, Heywood, 7 Southgate Industrial Park, Green Lane.

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