Plas'tech Tooling & Moulding Limited

Plas Tech Tooling & Moulding Limited, based in Yorkshire, UK, is a small, family-run business with an active status, celebrating 24 years in operation. Employing 16 people, the company holds £682,292 in assets and operates from a 4.5-acre site, though its registered address is likely a virtual one, shared by 46 other companies. Two directors and two owners manage the business, which specializes in plastic injection moulding and related tooling services.

The company's website highlights its expertise in plastic injection moulding, vacuum forming, and tooling manufacture. It caters to low to medium volume production, processing materials like ABS, ASA, and Nylon. A key differentiator is its in-house tooling facility, offering services from insert tools to robotic part picking. It’s also linked to PlasTech Thermoforming, a larger supplier of vacuum formed plastic components.

Financially, Plas Tech Tooling & Moulding Limited presents a mixed picture. While current assets remained stable at £680,000, net assets stayed at £340,000. Bank borrowings increased by 36%, reaching £180,000, and trade debtors grew significantly by 32% to £480,000. A concerning trend is the 34% decrease in net current assets, falling to £110,000. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. Depreciation charges for plant machinery increased by 29%, indicating investment in equipment, but the decrease in provisions for liabilities suggests a tighter control over potential future costs. As a small company, it's exempt from an audit, and the financial statements are unaudited. It seems that the company is investing in its facilities, but the increase in debt and decrease in current assets warrants close monitoring.

Registered in England/Wales under the registration number 04190732, with a registered address at RH16 3PH, England, Haywards Heath, 5 Hazelgrove Road.

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