Parts Pak Ltd

Parts Pak Ltd, based in Norwich, UK, is a small, active company founded ten years ago in 2014. Employing sixteen people and holding assets valued at £1,629,637, it operates from a real address at Snetterton Park. The company is led by four directors, including solo founder Levy Guy George, and is a regular importer and exporter of machinery, boilers, and mechanical appliances; parts. Its website showcases a vast catalog of components, from bearings and belts to print heads and vacuum pumps, catering to a wide range of packaging machine brands.

The company’s online presence highlights a comprehensive selection of parts compatible with popular brands like Hayssen, Ilapak, and Sandiacre, emphasizing quality, expert knowledge, and on-time delivery. The site also features a newsletter signup and links to social media, suggesting an effort to engage with customers and stay abreast of industry trends, like headless content management with Blaze.

Financially, Parts Pak Ltd presents a mixed picture. While bank borrowings decreased by 41%, cash reserves declined by 27% to £220,000. Creditors also decreased, suggesting better debt management. However, net assets plummeted 150% to £190,000, and total assets less current liabilities fell by 12% to £1,400,000. The company meets the criteria for a small business, with turnover less than £10.2 million and employees less than 50. The company’s accounting records are unaudited, likely due to its small size.

The decline in equity is a notable concern, potentially indicating increased expenses or reduced profitability. However, the company's continued import and export activity, coupled with its focus on specialized parts, suggests it maintains a valuable niche within the machinery and equipment wholesale industry.

Registered in England/Wales under the registration number 09074318, with a registered address at NR16 2JU, England, Norwich, Norfolk, Unit 2b Snetterton Park, Snetterton.

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