Polymeric Labels Limited

Polymeric Labels Ltd from Lancashire UK: a small, holding company with an active status, has been operating for 39 years. The company employs 73 people and holds £3,212,191 in assets. With four directors and four owners, it’s a family business with a real address. They regularly import plastics and plastic products (33 months) and export printed materials like books, newspapers, and pictures (99 months).

The company’s core business involves the manufacture of other rubber products, and it operates from a real address in Oldham. It’s a small company, meeting two of three conditions: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. The company’s website is currently unavailable, so it’s difficult to determine if they operate an e-commerce site.

Financially, Polymeric Labels Ltd shows some concerning trends. Current assets decreased by 27%, falling to £3.2 million, while net assets also declined by 21%, reaching £2 million. Cash reserves took a significant hit, dropping 58% to £790,000. Bank borrowings, however, increased, reaching £3,000. Creditors also decreased by 26%, suggesting better debt management. Trade debtors increased by 6.4%, which could be a positive sign of increased sales, but also a risk if collections slow down. The company’s bank borrowings increased, which could be a sign of financial strain, but it’s also possible that they’re investing in growth.

The company's financial report, audited by Alwyns LLP, shows a significant increase in deferred tax, which could be a result of changes in tax legislation or accounting practices. The report also mentions a rise in other debtors, which may be related to increased sales or changes in payment terms. The company's financial statements are prepared in accordance with Financial Reporting Standard 102 and the Companies Act 2006.

Overall, Polymeric Labels Ltd seems to be navigating a period of change. While its import and export activities remain consistent, the financial data suggests a need for careful management.

Registered in England/Wales under the registration number 02015901, with a registered address at OL4 1HA, Lancashire, 12 Greenacres Road, Oldham.

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