Poly Postal Packaging Limited

Poly Postal Packaging Ltd, based in Lincoln, UK, is a small, active company established 16 years ago. Employing 12 individuals, the firm boasts assets of £2,413,756 and generates £1,697,449 in yearly revenue. It operates a real address and has two directors and owners. The company runs an e-commerce site and regularly imports and exports plastics and plastic products.

The company’s website showcases a vast array of mailing and packaging solutions, from address labels and bubble wrap to custom boxes and garment bags. It caters to a wide range of industries, including retail, e-commerce, and industrial, with a focus on providing both standard and bespoke packaging options. The site also features a glossary of terms and details on manufacturing tolerances, demonstrating a commitment to transparency and customer education.

Financially, Poly Postal Packaging Ltd's recent performance indicates a mixed picture. While current assets remain at £2,400,000, net assets dropped by 2.1% to £2,100,000. Bank borrowings decreased by 48%, reaching £11,000, and cash reserves fell 64% to £400,000. Trade debtors surged by 65%, suggesting a possible increase in sales on credit, while creditors also increased by 35% to £290,000. Operating profit declined by 59%, dropping to £130,000. 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, but the drop in profits is a cause for concern. The lack of auditor information suggests it’s exempt as a small company, relying on unaudited statements.

The company's regular import and export activities suggest a reliance on global supply chains, which could be vulnerable to disruptions. The website's extensive product range and focus on customer service indicate a commitment to meeting diverse packaging needs, but the financial results suggest the company is facing some challenges in maintaining profitability.

Registered in England/Wales under the registration number 06593624, with a registered address at LN2 4SY, England, Lincoln, Unit 11 Newporte Business Park, Cardinal Close.

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