Premier Flexible Packaging Limited

Premier Flexible Packaging Ltd, based in Solihull, UK, is a small holding company with an active status. Founded 29 years ago in 1995, it employs 25 people and holds assets valued at £2,358,430. The company operates from a virtual address, a detail flagged by the presence of 113 other companies registered at the same location. It's managed by a single director and owner, and occasionally imports vehicles, parts, and accessories – though only for short periods, with the last import recorded in September 2022.

The company's website, premierflexible.co.uk, highlights its role as a leading supplier of plain and printed polythene sacks. It caters to a range of industries, offering heavy-duty plastic sacks, stretch wrap, pallet accessories, and even bespoke items. The site also mentions storage, stock control, and distribution services, alongside a team of dedicated staff. It’s clear they’re focused on providing a comprehensive packaging solution for businesses.

However, a look at Premier Flexible Packaging’s financial data reveals some concerning trends. While current assets increased by 11% to £2,400,000, net assets took a significant hit, dropping 15% to £1,600,000. Bank borrowings have surged by a staggering 1,100%, reaching £140,000, and cash reserves have fallen 30% to £28,000. Trade debtors increased by 12%, suggesting potential issues with customer payments. The company’s small size (meeting two of three conditions for a small company) allows for flexibility, but the decline in equity and increased borrowing raise questions about its financial health. There's no auditor mentioned, which is typical for small companies, so the figures are unaudited.

Overall, Premier Flexible Packaging Ltd appears to be navigating a period of financial pressure. While its core business of providing flexible packaging solutions remains active, the company will need to address these trends to ensure its long-term sustainability.

Registered in England/Wales under the registration number 03067013, with a registered address at B37 7DL, United Kingdom, Solihull, West Midlands, Marston House 5 Elmdon Lane, Marston Green.

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