Tgp Holdings Limited

Tgp Holdings Ltd, based in Stoke On Trent, UK, is a holding company with an active status, established eight years ago in December 2016. The company holds assets valued at £13,403,102 and operates from a real address, managed by three directors and two owners, representing a family business. It regularly imports aluminum and aluminum products, with four months of import activity recorded, and exports furniture, lighting, and prefabricated buildings, having exported for five months.

The company’s website details a focus on polymer recycling processes, operating through its daughter companies, PolyCycle and PolyFuel. These companies aim to convert plastic waste into fuels and petrochemical feedstocks using a proprietary technology called The Grispin Process. Currently, they are in the early stages of rolling out a PolyFuel processing plant in Arizona, with plans to produce syncrude oil and potentially splash blendable fuels. The website highlights the flexibility of their approach, allowing for both monomer production and fuel creation depending on regional conditions.

Financially, Tgp Holdings Ltd presents a mixed picture. While cash and cash equivalents increased by a significant 34% to £15 million, net assets remained relatively stable at £15 million. However, the company experienced a 27% decrease in profit, falling to £3 million. Bank borrowings surged by a substantial 620%, reaching £2.4 million, and staff costs decreased by 8.1% to £6.7 million. It’s worth noting that the company’s accounts are unaudited, and the auditor is Geens Limited. The decrease in profits, coupled with increased borrowing, suggests the company may be burning through cash to fuel its expansion plans, although the increase in cash reserves provides some buffer. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sharp equity drop raises questions.

Registered in England/Wales under the registration number 10524316, with a registered address at ST11 9RD, United Kingdom, Stoke On Trent, Unit 19 Blythe Park, Cresswell.

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