Uk Seals & Polymers Limited

Uk Seals & Polymers Ltd, based in Ashington, UK, is a small holding company with an active status. Founded 23 years ago in 2002, it employs just two people and holds £606,343 in assets. The company has a real registered address and is managed by one director and one owner. It operates an e-commerce site and regularly imports machinery, boilers, and mechanical appliances—parts, with 69 months of import activity recorded, the latest in December 2022. It also exports rubber and rubber products, with 45 months of export activity, also concluding in December 2022.

The company’s operations seem to center around the retail sale of goods, though the specifics aren't entirely clear from the report. It’s a relatively small operation, meeting two of the three conditions to be classified as such: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The company's website is not available to analyse.

Financially, Uk Seals & Polymers Ltd shows some interesting trends. Current assets have decreased slightly, dropping by 1.9% to £610,000, while debtors have increased by 8.0% to £570,000. Equity has also seen a modest increase of 0.53% to £600,000. Cash bank on hand has seen a significant jump of 110% to £38,000, which is a positive sign. However, creditors have decreased by 82% to £5,400, which could be due to improved payment terms or reduced purchasing activity. The company’s bank borrowings have decreased by 14% to £18,000. The company’s net assets have increased by 0.52% to £600,000.

The company is not audited, which is common for small businesses. The significant increase in cash reserves is encouraging, suggesting improved liquidity. The decrease in creditors could indicate better debt management, but it's important to monitor whether this trend continues. The company’s financial stability appears to be improving, but further analysis would be needed to fully assess its long-term prospects.

Registered in England/Wales under the registration number 04414645, with a registered address at NE63 8UG, England, Ashington, Unit 3 Sovereign Business Park, Jubilee Industrial Estate.

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