Task Consumer Products Limited

Task Consumer Products Ltd, based in Wolverhampton, UK, is a large holding company with an active status, having been established seventeen years ago. Employing 130 people, the company boasts significant assets of £40,527,619 and generates a yearly revenue of £151,072,477. However, its registered address is a virtual one, shared by sixty-three other companies, raising some questions. The company is led by five directors and has one owner, with a Google rating of 3.0 based on 34 reviews. It’s a regular importer and exporter of paper and paperboard products, having imported for 160 months and exported for 39 months.

Task Consumer Products operates primarily in the wholesale of household goods, with a strong focus on both consumer and away-from-home markets. Its website showcases a wide range of products, including kitchen towels, toilet tissue, and hygiene rolls, catering to retail and institutional clients. The company also highlights its manufacturing capabilities, boasting a production capacity exceeding 100,000 tonnes per annum. It appears to be a B2B operation, with a focus on wholesale rather than direct-to-consumer sales, although it does have a consumer-facing website.

Financially, Task Consumer Products shows a mixed picture. While turnover increased by a solid 10% to £151,072,477, net assets decreased by 17% to £40,527,619. Bank borrowings decreased by 2,400% to £82, suggesting improved liquidity. Creditors decreased by 11%, indicating better debt management. However, depreciation expense decreased by 21%, which could be a sign of reduced investment in assets, or it could be a result of changes in accounting policies. The company’s large size (meeting two of three criteria for a large company) suggests it’s a significant player in its sector, but the decrease in net assets warrants closer examination. The company was audited by Crombies Accountants Limited.

The company's significant assets and revenue, combined with a decrease in bank borrowings, indicate a period of relative stability. However, the decrease in net assets, while not alarming, suggests that the company may be facing challenges in converting its assets into cash or may be investing heavily in future growth. The virtual address, while not inherently problematic, does raise questions about the company's physical presence and operational transparency.

Registered in England/Wales under the registration number 06461826, with a registered address at WV1 4DG, Wolverhampton, West Midlands, 34 Waterloo Road.

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