Technology Packaging Limited

Technology Packaging Ltd, based in Harrow, UK, is a small, family-run business with an active status. Founded 24 years ago, the company employs seven people and holds £311,816 in assets. It operates from a virtual address, with two directors and two owners at the helm. The company regularly imports plastics and plastic products (13 months), and exports paper and paperboard products (6 months).

The company’s website showcases a focus on corrosion protection and packaging supplies. It specializes in VCI (Volatile Corrosion Inhibitor) papers, films, and related products, catering to industries needing to protect metal goods during storage and transport. The site details various product types—from flat bags to gusseted bags—and even offers technical information, FAQs, and webinars. It seems to be a B2B operation, selling directly to manufacturers and distributors rather than consumers. There's no obvious e-commerce functionality; instead, the site encourages inquiries and quote requests.

Financially, Technology Packaging Ltd presents a mixed picture. Current assets decreased by 6.1% to £310,000, while net assets increased by 19% to £110,000. Bank borrowings increased by a considerable amount, reaching £3,800, and cash reserves plummeted 100% to a mere £160. Creditors decreased by 13%, suggesting improved debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 30 employees) helps it remain flexible, but the sharp decline in cash reserves is concerning. No auditor is mentioned, which is likely due to the company’s exemption as a small entity.

The company’s focus on a niche market—corrosion protection—and its technical expertise could be a strength. However, the financial data suggests that the business is burning through cash, and the virtual address raises questions about its operational efficiency. It's possible that the company is reinvesting heavily in growth, but the lack of cash reserves is a risk that needs to be monitored.

Registered in England/Wales under the registration number 04163112, with a registered address at HA1 1UD, England, Harrow, Middlesex, 1st Floor, Healthaid House, Marlborough Hill.

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