Sovrin Plastics Limited

Sovrin Plastics Ltd from Slough UK: holding company, active status, founded 55 years ago, 99 employees, £5,149,681 assets, yearly revenue: £11,123,697, real address, 5 directors, 1 owner, google rating 5.0 based on 2 reviews. Regular importer of rubber and rubber products (20 months imported). Regular exporter of optical and medical tools and devices (159 months exported). Sovrin Plastics Ltd is a well-established holding company operating in the UK, boasting a 55-year history and a strong reputation, as evidenced by its perfect 5.0 Google rating. With 99 employees and a solid asset base of £5.15 million, the company generates yearly revenue of £11.12 million.

The company specialises in injection moulding, providing services to the medical and pharmaceutical sectors. It's a technically focused, privately owned organisation with a commitment to continuous investment in the latest technology and skills. Sovrin Plastics operates two sites, including a 7500 sq. metre facility with ISO 14644 cleanrooms, and offers a range of services from design to industrialisation, quality assurance, and validation. They also manufacture tools and provide servicing. The company’s expertise lies in areas like microfluidics, ocular and ophthalmic devices, and surgical instruments, serving a global client base.

Looking at the financials, Sovrin Plastics appears to be facing some challenges. While revenue is strong, assets have decreased significantly, dropping by 40% to £5.1 million. Cash reserves have also taken a hit, falling 60% to £2.1 million. Bank borrowings have increased substantially, suggesting a need for external funding. However, the company has managed to reduce its trade debtors by 11%, indicating improved debt collection. The company’s depreciation has increased, with furniture, fittings, and tools experiencing a 5.4% increase.

Despite these pressures, Sovrin Plastics remains a key player in its niche market. The company’s focus on high-quality manufacturing and its established relationships with global clients suggest a resilient business model. The increase in social security costs, up 2.9%, could be due to increased employee benefits or rising wage rates. The lack of a mention of an auditor likely means the company is exempt due to its size, so the financial information is unaudited.

Registered in England/Wales under the registration number 00958135, with a registered address at SL1 4ST, United Kingdom, Slough, Berkshire, 705 Stirling Road.

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