Seevent Plastics Limited

Seevent Plastics Ltd, based in Lancing, UK, is a large, active company established 38 years ago. With 68 employees and £4.34 million in assets, the company generated £11.63 million in revenue last year. It boasts a 5.0 Google rating from three reviews and operates from a real address, managed by five directors and one owner. Regular imports of plastics and plastic products have occurred for 14 months, while exports of various textile products, sets, used clothing, and rags have been ongoing for 12 months.

The company’s website highlights its focus on heavy-duty and specialist packaging solutions for a range of industries. It offers food packaging, industrial packaging, resealable packaging, and bespoke packaging options, catering to sectors like medical, aggregates, horticulture, and fuel. The site emphasizes sustainability, showcasing its commitment to renewable energy concepts, recycled content, and energy-efficient practices. Seevent Plastics Ltd also provides a range of services, including design, printing, and quality assurance.

Financially, Seevent Plastics Ltd presents a mixed picture. While turnover remained stable at £11.63 million, current assets decreased by 6.5% to £4.3 million. Bank borrowings were reduced by 71% to £120,000, and cash reserves improved significantly, increasing by 490% to £25,000. However, net assets decreased by 26% to £2.3 million, and net losses deepened to -£480,000. Creditors decreased by 12%, suggesting improved debt management. The company meets the criteria for a large company, having met two of three conditions: turnover over £36 million, balance sheet over £18 million, and over 250 employees. The accounts were audited by Barnes Roffe LLP.

These numbers suggest Seevent Plastics Ltd is navigating a challenging economic climate, with increased costs impacting profitability. However, the company’s focus on sustainability and bespoke packaging solutions, along with a strong online presence, may position it well for future growth.

Registered in England/Wales under the registration number 02121368, with a registered address at BN15 8TH, Lancing, West Sussex, 2-7 Peter Road, Lancing Business Park.

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