Vpac Packaging Leicester Limited

Vpac Packaging Leicester Limited is a small holding company based in Leicester, UK, with an active status. Founded six years ago in December 2018, it employs eleven people and holds £583,070 in assets. The company operates from a virtual address, registered at Granville Hall, with fifty-two other companies sharing the same location. It's led by two directors and has one owner, and currently holds a Google rating of 3.0 based on just two reviews. Vpac Packaging is a regular importer of plastics and plastic products, with seven months of import activity recorded, the last in October 2023.

The company specializes in packaging activities, offering a wide range of services including preparation, packing, and distribution of boxed products, exhibition packs, and promotional materials. They boast extensive warehousing facilities in Leicestershire, providing contract packing services like cartoning, relabelling, vertical form fill and seal, flow wrapping, and shrink wrapping. They handle dry products, spices, and powders in sizes ranging from 1g to 10kg, and even manufacture their own branded cooking salts. Their website highlights comprehensive packaging solutions, specialized product handling, and in-house product development, emphasizing quality control and sustainable practices. They even have a client testimonial section, which is nice.

Financially, Vpac Packaging Leicester Limited presents a mixed picture. While current assets increased by 30% to £580,000, net assets grew by a more modest 15% to £340,000. Bank borrowings decreased by 24% to £230,000, and cash reserves rose significantly by 88% to £280,000. However, creditors increased by 29% to £380,000, and trade debtors rose by 24% to £240,000. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than fifty employees. There's no auditor mentioned, which is common for small companies.

The increase in creditors and debtors suggests the company may be experiencing some cash flow challenges, but the rise in cash reserves is a positive sign. The company's focus on specialized packaging services and its own branded products could provide a competitive edge, but the reliance on a virtual address and the limited number of reviews raise some questions about its visibility and reputation.

Registered in England/Wales under the registration number 11725765, with a registered address at LE1 7RU, United Kingdom, Leicester, Leicestershire, Granville Hall, Granville Road.

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