Polythene (uk) Limited

Polythene (uk) Limited, based in Witney, Oxfordshire, is a large, active company established eighteen years ago in 02 January 2007. Employing twenty-three staff members, the company operates from a real address and is led by four directors and two owners. It’s a family business with a solid 4.0 Google rating based on two reviews. The company regularly imports and exports plastics and plastic products, with nineteen months of import activity and twenty-six months of export activity, the latest both occurring on February 01, 2025. The company operates within the "other business support service activities n.e.c." industries.

Polythene (uk) Limited is a supplier of polythene products, with a particular focus on pallet covers, liners, and wraps. The company's website highlights its commitment to sustainability, offering a range of eco-friendly products like Polyair (made from sugarcane waste) and Polylite (a lightweight, carbon-neutral option). It also provides installation services and caters to various sectors, including agriculture, construction, and plasterboard manufacturing. The company’s website is clearly focused on e-commerce, with a prominent "Get a Quote" call to action and a detailed catalog of products.

Financially, Polythene (uk) Limited demonstrates a mixed picture. While turnover increased by 6.3% to £21 million, net assets rose by a substantial 8.8% to £17 million. However, cash reserves decreased by a significant 89% to just £43,000. Bank borrowings increased by 45% to £150,000, and net losses deepened by 10% to -£900,000. Creditors decreased by 32%, suggesting improved debt management, but the sharp drop in cash reserves warrants attention. The company’s large size (meeting two of three criteria for turnover over £36 million, balance sheet over £18 million, and over 250 employees) indicates a more established operation, but the fluctuating financials suggest ongoing challenges. The company’s accounts were audited by Shaw Gibbs (Audit) Limited.

The company’s focus on sustainable products and a strong online presence suggests a forward-thinking approach, but the financial data indicates a need for careful management. The increase in bank borrowings and the decrease in cash reserves may be related to investments in new products or expansion efforts. It’s likely that the company is navigating the complexities of a competitive market while striving to maintain its commitment to environmental responsibility.

Registered in England/Wales under the registration number 06039291, with a registered address at OX28 4XZ, Oxon, 31c Avenue One Station Lane, Witney.

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