Universal Closures Limited

Universal Closures Ltd from Bath, UK, is a small holding company with an active status, marking its 20th anniversary this year. Employing just eight people, the company holds £334,052 in assets and generates a yearly revenue of £825,353. It operates from a virtual address—a point to note as 159 companies are registered at the same location—and is led by three directors and one owner. The company imports plastics and plastic products irregularly, with just one month of import activity recorded as far back as September 01, 2020, but exports optical and medical tools and devices regularly, with nine months of export activity.

The company’s website is minimal, offering little insight beyond its core business: the manufacture of other plastic products. There’s no indication of e-commerce or direct sales to consumers. It seems to operate primarily as a business-to-business supplier.

Financially, Universal Closures Ltd presents a mixed picture. While turnover remains steady at £830,000, net assets have taken a hit, dropping 27% to £160,000. Bank borrowings have increased significantly, rising 18% to £34,000, while cash reserves have fallen 25% to £21. Creditors have also increased, rising 10% to £200,000. The company’s small size—meeting two of three criteria for a small company—allows for flexibility, but the decline in equity is a concern. No auditor is mentioned, which is common for small companies.

The company's reliance on a virtual address and fluctuating financials suggest a business navigating challenges. While its export activity seems consistent, the irregular imports and decrease in cash reserves warrant further scrutiny. It's clear that Universal Closures Ltd is a small, privately held company operating in a competitive market, and it’s not clear if the company is burning through money or if it’s a natural part of the business cycle.

Registered in England/Wales under the registration number 05196216, with a registered address at BA2 4BL, United Kingdom, Bath, 11 Laura Place.

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