Plastic Parts Direct Limited

Plastic Parts Direct Ltd, based in Banbury, UK, is a small, active company established 21 years ago. With 15 employees and £585,778 in assets, it’s a well-established player in the plastic products industry. The company operates from a virtual address, a point to consider, and is led by two directors and a solo founder. It regularly imports machinery, boilers, and mechanical appliances parts – a consistent activity spanning five months – and occasionally exports similar items, with just one month of export activity recorded.

The company’s website showcases a diverse range of services, including plastic injection moulding, glazing accessories, toolmaking, and even medical components. It seems they’re not just an e-commerce business, but a full-service provider, offering design analysis, rapid prototyping, and even running a fully equipped toolroom. They even have a showroom in Harrods, London. The website emphasizes experience, with over 35 years of expertise, and a focus on British craftsmanship and customer service.

Financially, Plastic Parts Direct Ltd’s recent performance presents a mixed picture. While cash reserves increased by a healthy 31% to £110,000, net assets remained relatively stable at £790,000. Bank borrowings decreased significantly by 66%, which is a positive sign, and creditors also fell by 23%. However, fixed assets decreased by 3.3%, and property plant equipment dropped by 3.3% too. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decrease in fixed assets could indicate investment or depreciation. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Plastic Parts Direct Ltd appears to be a stable, albeit small, company navigating the challenges of a competitive market. Its diverse service offerings and focus on quality suggest a commitment to long-term success, but the fluctuating asset values warrant careful monitoring.

Registered in England/Wales under the registration number 04860097, with a registered address at OX16 3TB, England, Banbury, Oxfordshire, 10 Manor Park.

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