Triplast Limited

Triplast Ltd from Hayes UK: a small holding company with an active status, was founded eight years ago and employs twelve people. It holds assets worth £624,637 and operates from a real address, managed by three directors and two owners. The company is an irregular importer of electrical machinery and equipment, with just one month of imports recorded back in 2020.

Triplast Limited is a manufacturer and wholesaler of packaging products, including mailing bags, bubble wrap, and kraft paper. Its website highlights a focus on high-volume, low-cost packaging solutions, boasting state-of-the-art European machinery and a commitment to ecofriendly practices. The company caters to a wide range of customers, from eBay and Amazon resellers to cash-and-carry stores, and even offers custom packaging solutions. Its website also features a dedicated section for its mailing bags, with options for grey, coloured, and brown varieties. It seems to be primarily an e-commerce business, with a focus on B2B sales.

Financially, Triplast Ltd’s recent performance presents a mixed picture. Current assets have decreased by 25% to £620,000, and net assets have plummeted by 91% to just £30,000. Bank borrowings have remained stable, but cash reserves have fallen by 58% to £110,000. Creditors have increased by 42%, suggesting a reliance on trade credit. The company’s small size (meeting two of three conditions for a small company) allows for flexibility, but the significant drop in equity raises concerns. With no auditor mentioned, the financial data is unaudited. The company's losses deepened from -£250,000 to -£39,000. It's possible that increased costs or a slowdown in sales contributed to this decline, but more information would be needed to confirm this.

Registered in England/Wales under the registration number 10234654, with a registered address at UB3 1BE, United Kingdom, Hayes, Middlesex, Unit 5c Packaging House, Caxton Trading Estate.

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