Raft Packaging Limited

Raft Packaging Ltd from St Ives UK: small company, active status, founded 5 years ago, 2 employees, £142,912 assets, virtual address, 2 directors, 1 owner, solo founder. Irregular importer of plastics and plastic products (1 months imported). It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The company operates in the packaging activities industries. Officially, it has one owner or PSCs, two directors, and two employees.

Raft Packaging’s website showcases a focus on food and horticultural packaging. They offer a range of products, including vacuum pouches, lidding film, and plant packaging solutions, catering to both the food and plant industries. The site highlights quality and sustainability, emphasizing partnerships with leading suppliers and a commitment to ecofriendliness. Customer testimonials praise the product quality, suggesting a focus on building strong relationships with clients. The website also features a blog, demonstrating an effort to establish themselves as experts in the packaging field. They seem to be primarily a distributor, rather than a manufacturer, offering films and packaging solutions from various suppliers.

Financially, Raft Packaging Ltd presents a mixed picture. While current assets increased slightly to £140,000, equity has significantly decreased to £9,300. Bank borrowings have jumped to £1,700, and cash reserves have completely vanished. Creditors have also increased, reaching £130,000. The company’s small size helps it stay nimble, but the sharp drop in equity and the reliance on bank borrowings raise concerns. The lack of cash reserves suggests a need for careful cash flow management. The company’s accounts are unaudited, which is typical for small companies. It seems they’re working hard to maintain their business, but the numbers indicate a period of financial strain.

Registered in England/Wales under the registration number 12517794, with a registered address at PE27 5BH, United Kingdom, St Ives, Cambridgeshire, The Station House, 15 Station Road.

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