Q Plastics Ltd

Q Plastics Ltd, based in Torquay, UK, is a small, holding company with an active status. Founded just one year ago in February 2024, the company has a single employee and holds £139,051 in assets. It operates from a virtual address – a fact highlighted by the presence of 56 other companies registered at the same location – and is managed by one director and two owners. Regular import and export activity is a key part of its operations, with 10 months of imports and 15 months of exports of plastics and plastic products recorded.

The company’s website, Q Plastics B.V., reveals a business focused on plastics sustainability. Operating in Germany, the Netherlands, and the UK, it offers services related to plastic processing, procurement, and recycling. The site details how the company optimizes plastic material flows to reduce costs, supplying virgin granulate from stock and purchasing surplus materials, scrap, and waste to process into high-quality compounds. It's clear that Q Plastics B.V. is a wholesale business, focused on connecting suppliers and processors in the plastics industry.

Financially, Q Plastics Ltd presents a mixed picture. While cash and bank balances remain stable at £24,000, current assets have dipped slightly to £140,000. Trade debtors have increased substantially, reaching £110,000, suggesting potential challenges in collecting payments. Creditors have also risen to £120,000, and bank borrowings are at £130,000. Despite these pressures, the company's net assets remain positive at £5,300. The lack of an auditor mentioned in the report—likely due to its small size—means these figures are unaudited. It’s worth noting that the company meets two of the three criteria to be considered small (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees).

Registered in England/Wales under the registration number 15512357, with a registered address at TQ2 7TD, United Kingdom, Torquay, Devon, Petitor House, Nicholson Road.

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