Plastic Innovations Ltd

Plastic Innovations Ltd, based in Halesowen, UK, is a small holding company with an active status. Founded sixteen years ago in 2009, the company employs thirteen people and holds assets worth £507,229. It operates from a virtual address, registered at a location shared by seventeen other companies, and is overseen by three directors and two owners. The company regularly imports plastics and plastic products, with three months of import activity recorded, and exports irregularly, with two months of export activity.

The company's website is unavailable, making it difficult to determine its online presence and specific operations. However, the company operates in the manufacture of other plastic products industries.

Financially, Plastic Innovations Ltd shows a mixed picture. Current assets increased by 18% to £510,000, while net assets increased by 83% to £260,000. Bank borrowings increased by 130%, reaching £35,000, and cash reserves increased by 30% to £170,000. Creditors decreased by 8.2%, suggesting better debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile. The directors remuneration has decreased significantly by 80%, which could be a cost-cutting measure. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Plastic Innovations Ltd appears to be financially stable, but the increase in bank borrowings warrants further monitoring.

Registered in England/Wales under the registration number 06880147, with a registered address at B63 1DY, England, Halesowen, Shop 2 130 Hagley Road, Hayley Green.

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