Plas-tech Thermoforming Limited

Plas-Tech Thermoforming Ltd, based in Beverley, UK, is a small holding company with an active status, celebrating 35 years in business. Employing 70 people and holding assets of £3,066,693, the company operates from a virtual address, a detail worth noting as 51 companies are registered at the same location. Twelve directors and one owner guide the business, which regularly imports machinery and boilers and exports plastics and plastic products.

The company’s core business revolves around plastic injection moulding and vacuum forming, as highlighted on its website, salesplastech.co.uk. It offers a range of services, including plastic injection moulding, tooling, and vacuum forming, catering to low to medium volume production. The website details a 4.5-acre site with a brand new factory building and machinery, emphasizing its ability to meet customer demands. Originally established in Kirkcaldy, Scotland, the company was taken over in 2014 and now operates under the Poly Plastics Group ownership, retaining its original name and ethos.

Financial analysis reveals a mixed picture. While cash reserves increased by 37%, bank overdrafts have dramatically decreased by 80%, which is a positive sign. However, net assets have fallen by 5.7% to £2.4 million, and net current assets have decreased by 6.2% to £1.6 million. Trade debtors have significantly reduced by 14%, which could indicate improved collection practices, but trade payables have increased by 46%. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the decrease in equity warrants attention. The lack of a named auditor suggests unaudited financial statements.

Overall, Plas-Tech Thermoforming Ltd appears to be navigating a period of change. The company’s focus on plastic moulding and tooling, combined with its investment in new facilities, positions it for continued growth, but the financial data suggests some challenges that need to be addressed.

Registered in England/Wales under the registration number 02495369, with a registered address at YO25 8EJ, England, Driffield, East Riding Of Yorkshire, Heyford House Catfoss Airfield, Brandesburton.

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