Sunhope Packaging Machinery (uk) Ltd

Sunhope Packaging Machinery (uk) Ltd, based in Glenrothes, UK, is a small, active company founded just two years ago. With three employees and £237,791 in assets, it operates from a real address and is led by two directors and a single owner. The company holds a perfect 5.0 Google rating based on one review. It’s an irregular importer, primarily bringing in machinery, boilers, and mechanical appliances parts, with the most recent import activity recorded two months ago in December 2024.

The company’s website showcases a range of paper bag machinery, from square bottom to twisted handle designs, alongside ancillary equipment and spare parts. It positions itself as a professional engaged in the research, development, manufacturing, and sales of paper bag machinery, with technical support centers across the globe. It even has a showroom in Harrods, London. The website highlights craftsmanship, efficient production, and quality-oriented processes, aiming to be a global leader in the paper bag machine industry.

Financially, Sunhope Packaging Machinery (uk) Ltd presents a mixed picture. While cash reserves decreased by 12% to £190,000, creditors increased significantly by 64%, reaching £1.3 million. Bank borrowings also rose by 84%, hitting £1,100. The company’s net assets plummeted 180% to -£350,000. Despite these challenges, the company’s small size (meeting two of three criteria for a small company) allows for flexibility. No auditor is mentioned, indicating exemption as a small company.

The company’s reliance on intercompany loans from its parent company, as noted in the financial statements, suggests a need for continued support. While the machinery business appears to be active, the declining equity and rising debt raise questions about its long-term financial health.

Registered in Scotland under the registration number SC738484, with a registered address at KY6 2RU, United Kingdom, Glenrothes, Unit 4 Faraday Road, Southfield Industrial Estate.

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