The Plastic Works Limited

The Plastic Works Limited, based in Worksop, UK, is a small, active company established 23 years ago in 2001. With seven employees and £471,631 in assets, it’s a family-run operation led by three directors and a solo founder, Thomson Ritchie Glen. The company operates from a real address at the Creswell Industrial Estate and primarily focuses on manufacturing plastic products, with a website showcasing services like vacuum forming, CNC routing, and design development. It also has a blog with helpful articles about plastics.

The business is involved in both importing and exporting plastics and plastic products, though activity is irregular, with just one month of import activity recorded in 2022 and one month of export activity in June 1924. It seems to cater to a range of industries, including automotive, education, and shop displays. The website highlights a commitment to flexibility, experience, and responsiveness—key attributes for a customer-focused manufacturer.

Financially, The Plastic Works Limited presents a mixed picture. Current assets have decreased by 16%, falling to £470,000, while net assets have also declined by 19%, reaching £410,000. Cash bank on hand has taken a significant hit, dropping 37% to £210,000. However, creditors have decreased by 22%, suggesting improved debt management. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The sharp drop in equity, however, is concerning and could indicate a period of investment or reduced profitability. With no auditor mentioned, the accounts are unaudited and rely on director-reported data.

Overall, The Plastic Works Limited appears to be navigating a challenging financial environment. While its manufacturing services and customer-focused approach are strengths, the declining equity and reduced cash reserves warrant close monitoring.

Registered in England/Wales under the registration number 04224929, with a registered address at S80 4BX, Worksop, Nottinghamshire, Unit 1 Creswell Industrial, Estate Colliery Road Creswell.

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