Polypouch ( Uk ) Ltd

Polypouch (UK) Ltd, based in Potters Bar, UK, is a small, active company founded 14 years ago in 2010. With six employees and £940,063 in assets, it operates from a virtual address, managed by two directors and a solo founder. The company regularly imports plastics and plastic products (143 months) and occasionally exports aluminum and aluminum products (4 months). It's a fairly small operation, meeting two of three conditions to be considered small: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

Polypouch specializes in flexible pouches and packaging bags, offering both custom and stock products via its website. The site highlights a “pouch creator” tool allowing customers to design their own pouches online, and caters to a wide range of industries, including coffee, cosmetics, food, and industrial sectors. It seems to be primarily an e-commerce business, with a focus on providing a range of packaging solutions.

Financially, Polypouch shows some positive trends. Current assets increased by 26% to £940,000, and cash bank on hand surged 110% to £180,000—a healthy sign. However, creditors also rose significantly, with those due within a year increasing by 42% to £470,000. Trade debtors also grew, by 13% to £270,000. While net assets increased by 12% to £470,000, the increase in liabilities suggests the company may be relying on borrowing to fuel growth. The number of employees has also increased by 33% to eight, which could be a result of increased demand. It's worth noting that the company is exempt from an audit, so the figures are unaudited. The company’s retained earnings and accumulated losses also increased by 12%.

Overall, Polypouch (UK) Ltd appears to be a growing business, but the increase in creditors suggests it’s managing its finances carefully. The company’s focus on customisation and online sales positions it well in the competitive packaging market.

Registered in England/Wales under the registration number 07471854, with a registered address at EN6 1TL, United Kingdom, Potters Bar, Hertfordshire, 2nd Floor, Unicorn House, Station Close.

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