Universal Plastics Limited

Universal Plastics Ltd from Dudley UK is a small, family business with an active status, founded 20 years ago. It employs 15 people and holds £922,528 in assets. The company operates from a virtual address – seventeen companies registered at the same address – and is led by six directors and three owners. Regular importer of plastics and plastic products (5 months imported), its last import operation was made on August 01, 2024.

The company operates in the wholesale of hardware, plumbing and heating equipment and supplies industries. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. While it has a website, it doesn’s appear to be e-commerce focused.

Financially, Universal Plastics Ltd has seen some interesting trends. Accumulated amortisation impairment for intangible assets has doubled to £4,400, while depreciation impairment for property and plant equipment has increased, with land and buildings rising to £32,000. Average employee numbers have fallen significantly, down 27% to 11. Bank borrowings have surged by 46% to £88,000, and cash reserves have plummeted – dropping 100% to just £280. Creditors have increased by 24% to £570,000, and debtors have risen sharply, up 80% to £530,000. Equity has also declined, falling 13% to £310,000. Despite these challenges, the company’s net assets liabilities have decreased.

The lack of an auditor mentioned (likely exempt as a small company) means the figures rely on unaudited statements. The rise in bank borrowings and the sharp drop in cash reserves suggest the company may be burning through money. The increase in debtors could indicate difficulties in collecting payments, while the rise in creditors may be a result of increased supplier costs. Despite these pressures, the company’s small size and family ownership could provide resilience.

Registered in England/Wales under the registration number 05306332, with a registered address at DY2 8RG, Dudley, West Midlands, Churchfield House, 36 Vicar Street.

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