Second Life Products Wales Limited

Second Life Products Wales Ltd, based in Swansea, UK, is a small, active company founded 15 years ago. With four employees and £825,414 in assets, it operates from a real address and is led by a solo founder who also serves as director and owner, maintaining a stellar 5.0 Google rating from four reviews. The company is an irregular importer, primarily dealing with plastics and plastic products, with its last import operation recorded just one month ago.

The company’s website highlights its focus on recycled plastic products, offering a wide range of items like benches, planters, and fencing, catering to both commercial and residential customers. It positions itself as a prominent supplier of recycled waste, plastic, and wood replacement items, emphasizing its 25 years of experience in the plastic recycling sector. The website details a second venture, EKOply, a plywood alternative made entirely from plastic waste.

Financially, Second Life Products Wales Ltd presents a mixed picture. Cash reserves increased by a healthy 37% to £630,000, but trade debtors have decreased significantly, suggesting potential issues with collecting payments. Bank borrowings have risen substantially, increasing by 330%, reaching £700. Creditors have also decreased, which is a positive sign. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the increase in borrowings warrants attention. There's no auditor mentioned, likely due to the company's small size and exemption from an audit. Overall, while the company appears to be growing its assets, the rise in debt could be a concern.

Registered in England/Wales under the registration number 07187408, with a registered address at SA9 2SE, Swansea, West Glamorgan, Fforch-Egel Farm, Rhiwfawr.

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