Polymer Compounders Limited

Polymer Compounders Ltd from Billingham UK: a small, active company founded 32 years ago, employs 34 people, and holds £2,780,957 in assets. Operating from a virtual address, the company is led by three directors and a solo founder. It’s a regular importer of plastics and plastic products (4 months) and a consistent exporter (58 months).

The company’s core business revolves around the manufacture of other plastic products. While it doesn't appear to operate an e-commerce website, its activities are primarily focused on supplying the plastics industry. The registered address is a virtual address, with 42 companies registered at the same address.

Financially, Polymer Compounders Ltd presents a mixed picture. Current assets decreased by 5.8% to £2,800,000, while net assets increased by 7.5% to £2,000,000. Bank borrowings remained relatively stable, and cash reserves grew by a substantial 84% to £590,000. Creditors decreased by 24%, suggesting improved debt management. 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 average employees by 12% to 30, could indicate restructuring or cost-cutting measures. No auditor is mentioned, consistent with its status as a small, exempt company.

The company's consistent import and export activity, coupled with a healthy cash position, suggests ongoing operations. However, the decrease in employee numbers warrants further investigation. It’s likely that the company is navigating the challenges of the current economic climate, but its established presence in the plastics industry provides a solid foundation for future growth.

Registered in England/Wales under the registration number 02801277, with a registered address at TS23 4AZ, United Kingdom, Billingham, Unit 21 Belasis Court, Belasis Hall Technology Park.

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