Plastech Group Limited

Plastech Group Ltd, based in Glenrothes, UK, is a small, active company founded 29 years ago in 1995. With £482,458 in assets and a real address, it's a solo-founded operation managed by three directors and one owner, Stirling Thomas. The company regularly exports plastics and plastic products, with eight months of export activity recorded, while importing aluminum and aluminum products irregularly, with just one month of import activity as of 2016.

The company operates in the “other manufacturing n.e.c.” industries. Its website is currently unavailable, making it difficult to ascertain the specifics of its operations beyond the import/export activities. It's likely a B2B operation, supplying plastic products to other businesses.

Financially, Plastech Group Ltd shows a mixed picture. Current assets increased by 38%, reaching £480,000, while net assets remained steady at £510,000. Bank borrowings increased significantly, rising by 50% to £15,000, and cash reserves decreased by 52%, dropping to £4,200. Trade debtors increased by 41%, suggesting a possible expansion of credit terms. Creditors increased by 140%, which could be due to increased purchasing of raw materials. The company meets two of three criteria for being a small company: turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. There’s no mention of an auditor, likely due to its small size and exemption from an audit.

Overall, Plastech Group Ltd appears to be holding its own, but the increase in debt and decrease in cash reserves suggests it’s burning through money. The company’s irregular import activity and reliance on exports indicate a need to diversify its revenue streams. It’s unclear whether the company is financially healthy or struggling, but the lack of information on its website makes it difficult to draw any firm conclusions.

Registered in Scotland under the registration number SC162078, with a registered address at KY7 5PZ, Glenrothes, Fife, Unit Q10 Flemington Road, Queensway Industrial Estate.

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