Safapac Limited

Safapac Ltd from Peterborough, UK, is a small holding company with an active status, having been established 29 years ago in 1996. The company employs 65 people and holds assets totaling £2,359,655. It operates from a real address and is overseen by six directors and one owner, Martin Lloyd Steele. Safapac regularly imports paper and paperboard products (30 months) and exports miscellaneous chemical products (74 months).

The company's core business revolves around the manufacture of pesticides and other agrochemical products, operating in a specialized sector. Its website doesn’s offer much detail about its operations, so it’s difficult to determine if it’s an e-commerce business.

Financially, Safapac Ltd's recent report paints a mixed picture. Current assets have decreased by 30%, falling to £2,400,000, while net assets have seen a more substantial drop of 26%, reaching £1,500,000. Bank borrowings have also increased, reaching £45,000, and cash reserves have declined significantly by 90%, leaving just £77,000. Creditors have decreased by 14%, suggesting some improvement in debt management. The company’s small size (meeting two of three conditions for a small company) allows for agility, but the substantial decrease in equity raises questions about its financial health. The report was audited by Moore, and the accounts were prepared in accordance with FRS 102.

The decrease in cash reserves and the rise in bank borrowings suggest the company might be burning through money, potentially due to increased operating expenses or investments in growth. However, the decrease in creditors could indicate better control over short-term liabilities. The company’s long history and established presence in the agrochemical sector could provide a buffer against these challenges, but careful management will be crucial to ensure its long-term sustainability.

Registered in England/Wales under the registration number 03182891, with a registered address at PE2 6TB, Peterborough, Cambridgeshire, 4 Stapledon Road, Orton Southgate.

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