Plastics Direct Limited

Plastics Direct Ltd from Hyde UK is a small holding company with an active status, established 36 years ago in 1989. The company employs 18 people and holds £893,473 in assets. It operates from a virtual address, registered at 48 Union Street, and is managed by two directors and one owner. A key feature is its e-commerce site, facilitating the regular import of plastics and plastic products—a trend spanning 29 months, with the latest import occurring in February 2025. The company operates within the non-specialised wholesale trade industries.

The company’s website, plasticsdirect.co.uk, showcases a wide range of plastic sheet suppliers, offering cut-to-size services and bespoke fabrication. They specialize in various plastics like ABS, Alupanel, HIPS, and Perspex, catering to diverse applications from signage and displays to engineering plastics and machine guards. Beyond standard sheets, they provide laser cutting, CNC cutting, and fabrication services, serving both commercial and industrial clients. A notable aspect is their involvement in sunbed screen manufacturing, supplying materials to manufacturers and users alike. The site also highlights a growing focus on recycled plastics, demonstrating a commitment to environmental sustainability.

Financially, Plastics Direct Ltd presents a mixed picture. While current assets increased by 11% to £890,000, net assets grew by a more substantial 13% to £720,000. However, bank borrowings surged by 55% to £29,000, and cash reserves fell 30% to £290,000. Trade debtors decreased by 23%, suggesting improved collection efforts. 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 lack of an auditor mentioned likely reflects its exemption as a small company, and the figures are based on unaudited statements.

The company's growth in assets and net assets is encouraging, but the increase in bank borrowings warrants attention. The focus on e-commerce and fabrication services, alongside a growing emphasis on recycled plastics, positions Plastics Direct Ltd to capitalize on evolving market demands.

Registered in England/Wales under the registration number 02348591, with a registered address at SK14 1ND, England, Hyde, Cheshire, 48 Union Street.

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