Primepac Ltd

Primepac Ltd, based in Antrim, Northern Ireland, is a small, holding company with an active status. Established 23 years ago in 2001, the firm employs 35 people and holds £1,437,587 in assets. It has a real address, six directors, and one owner, with Esterform Packaging Ltd owning the company. The company’s registered address is BT41 2DU, Antrim, 2 Caulside Drive, Newpark Industrial Estate.

Primepac Ltd operates in the manufacture of plastic packing goods industries. It's a regular exporter of plastics and plastic products, with three months of export activity recorded, the latest in August 2022. However, it's an irregular importer, bringing in machinery, boilers, and mechanical appliances, parts, with one month of import activity recorded in November 2024. The company's website highlights its involvement with the Northern Ireland Polymers Association, supporting members to grow and develop within the wider polymer sector. It hosts events, provides business support, and represents the industry.

Financially, Primepac Ltd’s numbers present a mixed picture. While net assets increased by 25% to £470,000, cash reserves significantly dropped 3900% to £140,000. Creditors decreased by 21%, suggesting better debt management, but trade debtors increased by 12%. Bank borrowings surged by 2400%, reaching £29,000. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The unaudited financial statements, prepared by Kennedy & Co, don't mention an auditor. Accumulated depreciation on plant machinery increased substantially, by 7.6%, which could indicate increased investment in equipment. The company’s small size helps it stay agile, but the sharp equity drop raises questions about its long-term financial stability.

Registered in Northern Ireland under the registration number NI041493, with a registered address at BT41 2DU, Antrim, 2 Caulside Drive, Newpark Industrial Estate.

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