Selpac Limited

SelPac Ltd from Salford UK: a small, active company founded eight years ago, employs just two people, and holds £258,392 in assets. It’s a family business with two directors and owners, operating from a real address. The company regularly imports plastics and plastic products (8 months) and exports paper and paperboard products (21 months).

SelPac’s core business revolves around supplying cap lining material and bottle seals to the packaging industry, as evidenced by its website. It offers a range of products, including single-piece and two-piece liners, as well as reseal liners, catering to various sealing and resealing needs. The company’s website showcases its products and provides technical documents for download, indicating a focus on serving B2B clients. Contact information is readily available, and the site is professionally designed, suggesting a commitment to customer service.

Financially, SelPac Ltd presents a mixed picture. While average employee numbers increased by 50% to three, cash bank on hand surged a remarkable 100% to £43,000. However, net assets declined by 17% to -£32,000, and net current assets plummeted by 93% to a mere £77. Bank borrowings remain steady, but creditors have increased by 19%, and trade debtors have risen by 5%. The company’s small size (meeting two of three criteria for a small company) allows for flexibility, but the decline in equity warrants closer attention. The company’s unaudited accounts, exempt due to its size, rely on director-reported data.

Overall, SelPac Ltd appears to be navigating a period of change. While cash reserves are healthy, the decline in equity and net current assets suggests a need for careful financial management. The company’s focus on a niche market and its commitment to quality products could help it weather these challenges, but monitoring its financial performance will be crucial.

Registered in England/Wales under the registration number 10321843, with a registered address at M3 7BG, United Kingdom, Salford, The Copper Room, Deva City Office Park, Trinity Way.

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