Spectra Packaging Solutions Limited

Spectra Packaging Solutions Ltd, based in Halesworth, UK, is a large, active family business founded 17 years ago. Employing 192 people and boasting assets of £5,519,756, the company generates an annual revenue of £17,293,776. With eight directors and two owners, it maintains a perfect 5.0 Google rating from two reviews. Spectra Packaging is a regular importer of machinery, boilers, and mechanical appliances, and a regular exporter of plastics and plastic products, with both import and export activity spanning 47 months.

The company's website paints a picture of a manufacturer specializing in rigid plastic packaging for the toiletries, cosmetics, and personal care sectors. It offers a range of services including extrusion blow moulding, injection stretch blow moulding, and decoration, alongside custom packaging solutions and environmental options like recycled and bioplastic materials. Spectra Packaging actively promotes its commitment to sustainability, highlighting its partnership with Lush to transition to Prevented Ocean Plastics. The website also features a dedicated section for job seekers and a portal for existing clients to manage their accounts.

Financially, Spectra Packaging shows a mixed picture. While net assets remained relatively stable at £5.5 million, bank borrowings increased significantly by 2,400% to £29,000. Cash reserves decreased by 13% to £1.6 million. Trade debtors increased by 14%, suggesting a possible shift in payment terms, and creditors decreased by 11%, indicating improved debt management. The company’s size (meeting two of three criteria for a large company) suggests it’s navigating a competitive market. The unaudited figures, alongside the absence of a named auditor, mean the full picture remains somewhat unclear.

Despite the financial fluctuations, Spectra Packaging appears to be a well-established player in its niche, with a focus on innovation and sustainability. The increase in bank borrowings, however, could indicate a period of investment or expansion—or potentially, a need to manage cash flow more closely. The company’s strong Google rating and commitment to environmental responsibility position it well for continued success, but close monitoring of its financial health will be key.

Registered in England/Wales under the registration number 06323869, with a registered address at IP19 8RX, Halesworth, Suffolk, Antonine Way Sparrowhawk Road, Holton.

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