United Industrial Converters Limited

United Industrial Converters Ltd, based in Halesowen, UK, is a small, active company founded 26 years ago. With 45 employees and £1,424,212 in assets, it’s a well-established player in its sector. The company, managed by five directors and three owners, boasts a Google rating of 3.0 based on two reviews. It’s a regular importer of paper and paperboard products, with recent activity recorded in August 2024.

The company operates in the “other manufacturing n.e.c.” industries, and its website, while not detailed, suggests a focus on industrial conversion processes. There’s no obvious e-commerce presence, indicating a business-to-business model rather than direct consumer sales. It’s a small company, meeting two of the three criteria for classification: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

Financially, United Industrial Converters Ltd shows a mixed picture. Current assets have decreased by 12% to £1.4 million, while net assets have fallen 11% to £620,000. Cash bank on hand has dropped 16% to £410,000, and bank borrowings have increased. Despite this, creditors have decreased by 20%, suggesting improved debt management. Employee numbers have also fallen by 13%, from 45 to 39, which could be a result of restructuring or changing market conditions. The company is exempt from an audit, so the figures are unaudited.

Overall, United Industrial Converters Ltd appears to be navigating a period of adjustment. While it maintains a solid asset base and has managed its creditors effectively, the decline in cash reserves and employee numbers warrants attention. The company's long-standing presence and established customer base should provide a foundation for future growth, but careful financial management will be crucial.

Registered in England/Wales under the registration number 03607671, with a registered address at B62 8DL, Halesowen, West Midlands, Enfield Works, Mucklow Hill.

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