Phase 3 Plastics Limited

Phase 3 Plastics Ltd from Southampton UK: a small, holding company with an active status, has been operating for 48 years. The company employs nine people and holds assets of £1,492,726. It has a real address, three directors, and one owner. They regularly import plastics and plastic products (25 months imported) and export optical and medical tools and devices (8 months exported).

The company’s core business involves the manufacture of plastic packing goods and other plastic products. While a website isn't available, the company's activities suggest a focus on B2B supply rather than direct consumer sales. It’s likely they operate as a supplier to larger manufacturers or distributors, providing raw materials or finished plastic components.

Financially, Phase 3 Plastics Ltd shows a mixed picture. Current assets have increased by 51% to £1,500,000, while net assets have grown by 3.6% to £1,400,000. Cash bank on hand has seen a healthy increase of 37%, rising to £98,000. However, creditors have significantly increased by 110%, reaching £490,000 after one year. Trade debtors have also risen, up 37% to £1,100,000. It’s worth noting that the company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited. The company's retained earnings have increased, which is good, but the increase in creditors suggests they may be relying on credit to fund operations. The company’s growth in assets, however, is a positive sign, indicating expanding business activity.

Registered in England/Wales under the registration number 01291927, with a registered address at SO14 5QH, Southampton, 2/4 William Street, Northam.

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