Promo Plastics Ltd

Promo Plastics Ltd, based in Kenilworth, UK, is a small, family-run business with an active status. Founded five years ago, it employs just two people and holds £48,631 in assets. The company has two directors and two owners, and operates from a real address. It’s an irregular importer, with its top import category being Paper and Paperboard Products, totaling 1 month of imports, the last operation conducted on July 01, 2021.

The company’s website reveals a focus on bespoke acrylic displays and products. Established in 2006, Promo Plastics boasts over 25 years of experience, having developed displays for well-known clients like BT and Sainsbury’s. They offer custom designs, retail acrylic displays, and acrylic cake stands, catering to businesses seeking eye-catching promotional materials. The website highlights a nationwide service, experience, bespoke displays, and production runs for corporate customers. It even has a physical address in Kelso, Roxburghshire, with phone and email contact information.

Financially, Promo Plastics Ltd shows a mixed picture. Current assets have decreased by 16% to £49,000, while net assets have fallen by 6.3% to £21,000. Cash reserves are holding steady at £15,000, but trade debtors have decreased by 23%. Bank borrowings are unchanged, and creditors have also fallen by 22%. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble, but the decrease in net assets suggests a tighter financial position. No auditor is mentioned, likely due to exemption as a small company.

In short, Promo Plastics Ltd appears to be a stable, albeit small, operation. Its focus on custom acrylic displays and established client base provides a solid foundation, but the financial data indicates a need to carefully manage expenses and maintain a healthy cash flow.

Registered in England/Wales under the registration number 12197524, with a registered address at CV8 1HZ, England, Kenilworth, Warwickshire, 28 Clarendon Road, 28.

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