Wessex Packaging (salisbury) Limited

Wessex Packaging Salisbury Ltd, based in Salisbury, UK, is a small, active company founded 24 years ago. With 12 employees and £899,410 in assets, it operates from a virtual address and is led by two directors and a solo founder. The company regularly imports paper and paperboard products (5 months, last import in October 2024) and occasionally exports them (2 months, last export in April 2023). It operates within the “other manufacturing n.e.c.” industries.

The company's website is not available for analysis, so it's difficult to determine the exact nature of its online presence or e-commerce activities. However, its core business likely involves the distribution or processing of paper and paperboard products, potentially serving local businesses or larger distributors.

Financially, Wessex Packaging shows a mixed picture. Current assets decreased by 6.9% to £900,000, while net assets increased by 5.7% to £880,000. Bank borrowings decreased by 48% to £11,000, and cash reserves fell by 8.4% to £360,000. Trade debtors decreased by 12% to £480,000, suggesting improved collection efforts. Creditors decreased by 28% to £160,000. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned is typical for small companies.

Despite the decrease in cash reserves, the overall financial health appears stable, with increasing net assets and decreasing debt. The company’s virtual address, while potentially cost-effective, might raise questions about its physical operations and infrastructure. The decrease in bank borrowings is a positive sign, suggesting better financial management. The company’s solo founder status might indicate a streamlined decision-making process, but also potential reliance on a single individual.

Registered in England/Wales under the registration number 04152916, with a registered address at SP1 1HG, Salisbury, 52-54 Winchester Street.

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