Plaschem Ltd

Plaschem Ltd from Glasgow UK: small company, active status, founded 9 years ago, 3 employees, £1,291,972 assets, real address, 2 directors, 2 owners. Regular importer of plastics and plastic products (13 months imported). It's a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The company operates in the wholesale of chemical products industries. Officially, it has two owners or PSCs, two directors, and three employees.

Plaschem Ltd’s website reveals a far more expansive operation than initially suggested. It’s not just a plastics importer; it’s a sprawling Vietnamese conglomerate, Cng Ty C Phn Tp on Ha Cht Nha PLASCHEM, with a history spanning over two decades. The company’s core business involves the wholesale of chemical products, but it also has fingers in many pies: real estate, construction, industrial parks, and even hotels and golf courses. The website details a diverse portfolio, including manufacturing plastics film (BOPP, OPP), operating industrial parks, and providing construction and office space. They even own the Silk Path hotel brand and golf courses designed by Faldo Design Inc. Recent news highlights include investments in a PepsiCo Vietnam food production facility and a new BOPP film production plant in Long An.

Financially, Plaschem Ltd’s numbers paint a mixed picture. While assets remain relatively stable at £1,291,972, current assets have dropped by 7.9% to £1,300,000. Bank borrowings have decreased by 40% to £45,000, and cash reserves have increased by 4.6% to £160,000. However, net assets have plummeted 54% to £130,000, and trade debtors have decreased by 17% to £920,000. The company’s small size helps it stay agile, but the significant equity drop raises concerns. The lack of an auditor mentioned (likely exempt as a small company) means the figures rely on unaudited statements.

Overall, Plaschem Ltd appears to be navigating a complex financial landscape. While its UK operations may be modest, they are part of a much larger, diversified Vietnamese enterprise. Whether the UK arm is thriving or struggling remains unclear, but it’s evident that it’s benefiting from the resources and stability of its parent company.

Registered in Scotland under the registration number SC524764, with a registered address at G52 4XX, Scotland, Glasgow, 24 Carlyle Avenue, Hillington Park.

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