Plascon Packaging Solutions Ltd

Plascon Packaging Solutions Ltd, based in Tamworth, UK, is a small holding company with an active status, founded eight years ago. Employing just two people, the company holds £777,022 in assets and operates from a virtual address, a point of note as 243 companies are registered at the same location. It’s led by one director and one owner, though it's important to remember that the owner list isn’t exhaustive. Plascon regularly imports iron or steel products (17 months) and exports aluminum and aluminum products (18 months).

The company's website highlights its focus on flexible packaging solutions, offering a range of products including cook chill bags, eco film solutions, and box liners. It seems to operate primarily as a B2B supplier, catering to industries like food processing and clean room environments. The site also showcases a commitment to sustainability, with biodegradable and recyclable film options. It’s clear they’re targeting businesses seeking reliable and environmentally conscious packaging.

Financially, Plascon shows some encouraging trends. Current assets have increased by 41% to £780,000, and net assets are up 40% to £490,000. Cash reserves have seen a significant boost, rising 110% to £590,000. However, bank borrowings have decreased by 41% to £15,000. Trade debtors have fallen considerably, dropping 58% to £73,000, which could indicate improved collection practices. Creditors have also decreased by 41% to £15,000. The company’s small size—meeting two of three criteria for being a small company—helps it remain nimble. The lack of a mentioned auditor is not surprising, given its status as a small, exempt company.

Overall, Plascon Packaging Solutions Ltd appears to be in a healthy position, with growing assets and strong cash reserves. The decrease in debtors and creditors suggests efficient financial management. While the company is small, its focus on specialized packaging and commitment to sustainability could position it for continued success.

Registered in England/Wales under the registration number 10557364, with a registered address at B79 7HS, England, Tamworth, 7 Victoria Road.

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