Synergy Plastics Limited

Synergy Plastics Ltd from Newport UK is a small, active company founded 29 years ago. With 53 employees and £3,268,922 in assets, it’s a family business led by a single director and two owners. The company operates in the manufacture of other plastic products, and it's an irregular importer, primarily bringing in machinery, boilers, and mechanical appliances – parts, with the last import activity recorded just one month ago.

The company’s website is currently unavailable, so it's difficult to assess its online presence or e-commerce activities.

Financially, Synergy Plastics Ltd shows some interesting trends. Cash bank on hand has significantly increased by 100%, jumping to £1,800,000. However, trade debtors have decreased by a substantial 43%, falling to £1,100,000, which could indicate difficulties in collecting payments. Creditors have also decreased by 70%, dropping to £55,000, which is a positive sign. Despite these changes, the company’s net assets have increased by 4.7% to £2,100,000. The company’s small size—meeting two of three conditions for a small company—helps it remain flexible.

The company’s accumulated depreciation for plant and machinery has increased by 11%, suggesting ongoing investment in its equipment. However, the average number of employees has decreased slightly by 5.7%, from 53 to 50. With no auditor mentioned, the financial data is unaudited. Overall, Synergy Plastics Ltd appears to be navigating a period of change, with some areas of strength and some challenges to address.

Registered in England/Wales under the registration number 03122172, with a registered address at NP11 4EG, Newport, Gwent, 8 Pen-Y-Fan Industrial Estate, Willow Road Croespenmaen Crumlin.

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