Power Plastics Limited

Power Plastics Ltd, based in Thirsk, North Yorkshire, UK, is a holding company with an active status, celebrating 23 years in business. Employing 79 people, the company holds assets valued at £5,109,060 and operates from a real address. Five directors and one owner guide the company, which has a respectable Google rating of 4.0 based on four reviews. Power Plastics regularly imports miscellaneous manufactured goods (for 19 months) and exports electrical machinery and equipment (for 33 months).

The company’s website showcases a diverse range of services, primarily focused on fabric engineering solutions for various industries. They design, manufacture, and install tensile fabric structures, catering to defence, water waste, agriculture, environmental, and bespoke sectors. Their offerings range from military tents and odour control covers to tank liners and custom roof sheeting. The website also highlights their expertise in CAD engineering, manufacturing, onsite installation, and product support. They even have a division specializing in piano restoration, a surprising and prestigious addition to their portfolio.

Financially, Power Plastics Ltd presents a mixed picture. While cash bank holdings increased by a healthy 56% to £1.8 million, current assets only grew by 20% to £5.1 million. Net assets, however, increased by a substantial 29% to £3.1 million. Bank borrowings have also increased, and creditors have risen significantly. A notable trend is the surge in accrued liabilities, with current financial instruments increasing by 57%. Disposals of computer equipment and motor vehicles have occurred, and the company’s workforce has expanded by 16%, with 92 employees now on staff. The accounts are audited by UHY Calvert Smith LLP.

The company’s growth in workforce and assets suggests a period of expansion, but the rise in liabilities and the decrease in cash reserves warrant further observation. It seems Power Plastics is investing in its future, but managing its debt will be crucial for sustained success.

Registered in England/Wales under the registration number 04328236, with a registered address at YO7 1PZ, North Yorkshire, Station Road, Thirsk.

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