Thermotec Plastics Limited

Thermotec Plastics Ltd from Birmingham UK: a small, active company founded 58 years ago, employs 54 people, and holds £2,547,151 in assets. It's a real address with four directors and one owner, who is also the solo founder. The company regularly imports plastics and plastic products (38 months) and exports vehicles, parts, and accessories (67 months), but not for trains or trams.

This Birmingham-based firm operates in the manufacture of other plastic products. It’s classified as a small company, meeting two of three conditions: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. The company’s website is not available for review.

A review of the financial data reveals a mixed picture. While total assets increased by 7.3% to £2.5 million, net assets decreased by 13% to £2.0 million. Bank borrowings increased significantly by 54% to £320,000, and cash reserves plummeted 100% to just £110. Creditors also rose by 19% to £1.4 million. The company’s debt management appears to be a concern. Trade debtors increased by 15% to £2 million, suggesting potential issues with customer payments. Despite these challenges, the company's small size allows for agility, and the increase in total assets suggests continued activity. No auditor is mentioned, likely due to the company’s exemption as a small entity.

The company’s import and export activity, particularly its focus on vehicles and parts, could be influenced by broader economic trends and supply chain dynamics. The decrease in cash reserves, while worrying, could be a result of increased investment in inventory or expansion efforts. It’s likely the company is facing typical startup pressures, but it’s important to monitor its debt levels and cash flow in the coming months.

Registered in England/Wales under the registration number 00897776, with a registered address at B6 7EB, Birmingham, Units 7 & 8 Electra Park Electric Avenue, Witton.

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