Plastic Systems Limited

Plastic Systems Ltd, based in Bedford, UK, is a small, active company founded 19 years ago. With just two employees and £257,680 in assets, it operates from a virtual address – fifteen companies registered at the same location – and is overseen by three directors and two owners. The company is an irregular importer, specializing in optical and medical tools and devices, with its last import activity recorded one month ago in August 2024. It operates in the manufacture of other plastic products industries.

The company’s website is not available, so it’s difficult to determine if it’s an e-commerce operation. However, the business is likely focused on B2B sales, supplying plastic products to other manufacturers or distributors.

Financially, Plastic Systems Ltd shows a mixed picture. Current assets increased by 37% to £260,000, while net assets increased by 3.4% to £230,000. Cash reserves grew by 52% to £220,000, suggesting improved liquidity. However, bank borrowings increased by 87% to £130,000, indicating a reliance on external financing. Creditors decreased by 39% to £5,600, suggesting better debt management. The company meets two of three conditions to be considered small (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), which allows it to avoid a full audit.

The increase in bank borrowings, while concerning, could be due to investments in new equipment or expansion of operations. The decrease in creditors suggests that the company is managing its short-term liabilities effectively. With no auditor mentioned, the financial data is unaudited. Overall, Plastic Systems Ltd appears to be a stable, albeit small, company navigating the challenges of its industry.

Registered in England/Wales under the registration number 05682115, with a registered address at MK42 7PN, Bedford, First Floor, Woburn Court 2 Railton Road,, Woburn Road Industrial Estate, Kempston.

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