Springpack Limited

Springpack Ltd, based in Worcester, UK, is a sizable holding company with an active status. Established eleven years ago in 2013, the company employs sixty-six people and holds assets worth £5,915,601. Its yearly revenue stands at £20,067,326. With four directors and one owner, Springpack operates an e-commerce site and boasts a stellar 5.0 Google rating from forty-nine reviews. The company regularly imports plastics and plastic products (nineteen months of imports) and occasionally exports miscellaneous metal items (one month of exports).

Springpack is a large company, meeting two of three criteria: turnover exceeding £36 million, a balance sheet total surpassing £18 million, and an average employee count of over 250. It’s a holding company with a real address, indicating a physical presence. The company’s core business revolves around packaging activities, with a focus on shelf-ready and sustainable solutions. The website highlights a wide range of products, from tapes and cardboard boxes to protective packaging and machine consumables. They even offer bespoke packaging configuration online.

Financially, Springpack’s performance shows some concerning trends. Current assets have declined by 18%, dropping to £5.9 million, while net assets have plummeted 73% to £1.6 million. Bank borrowings have increased significantly, rising by 38% to £500,000, and cash reserves have fallen 17% to £87,000. Creditors have also decreased by 10%, suggesting some improvement in debt management. The company's revenue has decreased by 4.4% to £20 million. Despite these challenges, Springpack’s focus on sustainability and its wide product range—along with its online configurator—suggests an attempt to adapt to changing market demands. The company’s auditor is Hazlewoods LLP, which gives a true and fair view of the state of affairs.

Registered in England/Wales under the registration number 08775441, with a registered address at WR5 1SG, England, Worcester, Woodside Point, Williamson Road.

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