Returnable Packaging Services Limited

Returnable Packaging Services Ltd, based in Stockton-On-Tees, UK, is a small, active company established 22 years ago. With 42 employees and £2,701,385 in assets, it operates from a real address and is led by three directors, with Gary Hudson as the solo founder and owner. The company boasts a perfect 5.0 Google rating based on 19 reviews. It regularly imports various textile products, sets, used clothing, and rags (for five months), and occasionally exports similar items (for just one month).

The company’s website is minimal, providing little insight beyond its name and core business: providing returnable packaging services. There’s no e-commerce functionality or detailed product listings, suggesting a business-to-business model focused on providing packaging solutions rather than direct retail.

Financially, Returnable Packaging Services Ltd shows a mixed picture. Current assets decreased by 9.7% to £2,700,000, while net assets increased by 14% to £2,300,000. Bank borrowings decreased by 7.7% to £1,000,000, and cash reserves dropped 14% to £500,000. Creditors decreased by 32% to £950,000, which is a good sign. The company meets two of the three criteria to be considered small (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees). The increase in net assets, despite the drop in cash reserves, could indicate investments in equipment or other assets. The company is exempt from an audit, so the figures are unaudited.

Overall, Returnable Packaging Services Ltd seems to be a stable, if not rapidly growing, business. The decrease in cash reserves warrants further investigation, but the reduction in creditors suggests improved financial management.

Registered in England/Wales under the registration number 04540000, with a registered address at TS16 0RD, England, Stockton-On-Tees, Hudson House Cleasby Way, Eaglescliffe.

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