Staples Papers Ltd

Staples Papers Ltd is a small, active company based in Huddersfield, UK, founded just four years ago in March 2021. With a single employee and £81,154 in assets, it operates from a real address and is led by one director and owner, who is also the solo founder. The company runs an e-commerce site and regularly imports and exports paper and paperboard products – 17 months of imports and 7 months of exports recorded, the latest in December 2024 and November 2024 respectively.

The company’s website, while not detailed, indicates a focus on paper and paperboard products, aligning with its import and export activities. It operates within the manufacture of paper and paperboard, corrugated paper and paperboard, sacks and bags, and non-specialised wholesale trade industries. It’s a small company, meeting two of three criteria: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees.

Financially, Staples Papers Ltd presents a mixed picture. Cash bank on hand has increased dramatically, soaring by 42,000% to £42,000, a significant boost. However, net assets have also decreased by 74%, settling at -£13,000, and average number of employees during the period has risen to eight, a considerable jump. Trade debtors have disappeared entirely, dropping 100% to zero, while amounts owed to group undertakings have increased by a staggering 1600% to £94,000. Creditors have also increased by 13% to £130,000. It seems like the company is managing its debts, but the drop in equity is a cause for concern. The lack of an auditor mentioned suggests it’s likely exempt as a small company, relying on unaudited statements.

Overall, Staples Papers Ltd appears to be navigating a period of change. While the increase in cash reserves is encouraging, the decline in equity and the rise in amounts owed to group undertakings warrant close monitoring. The company’s ability to sustain its import and export activities will be key to its long-term success.

Registered in England/Wales under the registration number 13303017, with a registered address at HD1 3QW, England, Huddersfield, 131 Lockwood Road.

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