Plastic Engineering Solutions Limited

Plastic Engineering Solutions Ltd, based in Tetbury, UK, is a small holding company with an active status, having been founded 28 years ago in 1997. The company employs 42 people and holds £1,720,150 in assets. It operates from a virtual address, a detail worth noting as 94 companies are registered at the same location. Five directors oversee the business, with one listed owner. The company regularly imports electrical machinery and equipment (22 months) and exports optical and medical tools and devices (45 months).

The company’s core business revolves around the manufacture of other plastic products. While a website isn’t available, this suggests a B2B focus, likely supplying components or finished goods to larger manufacturers rather than direct consumer sales. It's likely a supplier to other industries, not an e-commerce business.

Financially, Plastic Engineering Solutions Ltd presents a mixed picture. Current assets have decreased significantly, dropping 40% to £1,700,000. Bank cash reserves have also fallen dramatically, declining 63% to £740,000. However, trade debtors have increased slightly, rising 4.4% to £620,000, which could indicate improved sales or extended payment terms. Creditors have also decreased by 41%, suggesting better management of short-term liabilities. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The significant drop in equity, falling 4.4% to £2,400,000, is a point of concern. The company is unaudited, relying on director-reported data.

The increase in depreciation on plant machinery, rising 7% to £1,300,000, could reflect investments in new equipment or increased utilization of existing assets. It’s also worth noting that the company’s average number of employees has increased slightly, rising 2.4% to 43. This could be a positive sign of growth, although it also increases operating costs. Overall, while the company has faced some financial headwinds, it appears to be navigating them and maintaining a stable position within its niche market.

Registered in England/Wales under the registration number 03345469, with a registered address at GL8 8AA, Tetbury, Gloucestershire, 1 Long Street.

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