Thermoseal Group Limited

Thermoseal Group Ltd, a Birmingham, UK-based company, is a large holding company with an active status, celebrating 42 years since its founding in 1983. Employing 148 people, the company holds assets worth £22,126,964 and generates a yearly revenue of £33,490,312. With five directors and one owner, it operates from a real address and maintains a respectable Google rating of 4.0 based on eight reviews. The company regularly imports and exports plastics and plastic products, with 180 months of import activity and 175 months of export activity.

Classified as a large company, Thermoseal Group Ltd meets two of three criteria: turnover exceeding £36 million and a balance sheet total surpassing £18 million, alongside having more than 250 employees. It functions as a holding company and is currently active. The company’s financial data reveals some interesting trends. Accrued liabilities decreased significantly, dropping from £180,000 to £78,000, while depreciation on motor vehicles increased by 37%. Administrative expenses grew slightly, by 2.4%, and the applicable tax rate jumped from 19% to 25%. The number of employees decreased by 9.5%, and bank borrowings were completely eliminated. Capital commitments, however, soared by a staggering 1700%.

The company’s website showcases a wide range of products, primarily components for the insulated glass industry. It’s not an e-commerce site in the traditional sense; instead, it serves as a product catalog and information resource for industry professionals. The site details various warm edge spacers, sealants, adhesives, and machinery—essentially everything needed to manufacture sealed units. There's a strong emphasis on technical information and components required to make a sealed unit, suggesting a business-to-business model rather than direct consumer sales. The website also highlights the company's focus on innovation and quality control, with multiple award-winning organisations.

Overall, Thermoseal Group Ltd appears to be a financially stable company with a clear focus on its niche market. The decrease in employees and the increase in capital commitments suggest a possible shift in strategy, perhaps involving investment in new equipment or expansion into new markets. The absence of an auditor is not unusual for a company of this size, and the unaudited financial statements provide a snapshot of its current performance.

Registered in England/Wales under the registration number 01705619, with a registered address at B6 7AF, Birmingham, Gavin Way Nexus Point, Holford Broadlands.

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