Spectrum Plastics Limited

Spectrum Plastics Ltd, based in Poulton, UK, is a small, active company founded 27 years ago. Employing just four people, it holds £264,959 in assets and operates from a real address, overseen by two directors and a single owner. The company regularly imports iron or steel products (seven months, last in December 2024) and exports plastics and plastic products (sixteen months, last in October 2024), indicating a focus on both inbound and outbound trade.

The company’s website is minimal, offering little insight beyond its core business: the manufacture of other plastic products. There's no indication of e-commerce activity, suggesting a business-to-business model rather than direct sales to consumers.

Financially, Spectrum Plastics Ltd presents a mixed picture. Current assets have decreased by 25% to £260,000, while net assets have dropped 8% to £120,000. Bank borrowings have remained stable, and cash reserves have fallen 35% to £37,000. Creditors have decreased by 5.4%, suggesting improved debt management. The company meets the criteria for a small business—turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees—and benefits from the associated reporting exemptions. No auditor is mentioned, reflecting its status as a small, unaudited company.

The sharp decline in net assets is a notable trend, potentially reflecting increased investment in inventory or equipment. The decrease in cash reserves, while concerning, could be a result of strategic spending to support growth. Overall, Spectrum Plastics Ltd appears to be navigating a period of change, balancing its established import/export operations with the challenges of a fluctuating economic climate.

Registered in England/Wales under the registration number 03494398, with a registered address at FY6 8JU, Poulton, Lancashire, Unit 4 Cocker Avenue, Poulton Industrial Estate.

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