Wrights Plastics Limited

Wrights Plastics Ltd from West Midlands UK: medium company, holding company, active status, founded 38 years ago, 61 employees, £4,757,409 assets, yearly revenue: £5,231,831, real address, 3 directors, 1 owner. Regular importer of aluminum and aluminum products (19 months imported). Regular exporter of aluminum and aluminum products (40 months exported). Wrights Plastics Ltd is a well-established plastic fabrication company operating from West Bromwich, UK. As a medium-sized holding company with 61 employees, it holds a substantial £4.76 million in assets and generates an annual revenue of £5.23 million. Founded in 1987, the company has been around for nearly four decades and maintains a real registered address, indicating a stable physical presence.

The company’s core business revolves around plastic fabrication, offering a comprehensive suite of services including vacuum forming, thermoforming, and drape moulding. They cater to a diverse range of sectors, from retail and automotive to sign making and horticulture. Their website showcases a wide array of products, including point-of-sale displays, signage, cosmetic displays, and even bespoke components for trains and concept seating. They also provide digital printing services and manufacture a variety of retail display solutions. It’s clear that Wrights Plastics aims to be a one-stop shop for businesses needing plastic products and fabrication services.

Financially, the company shows some concerning trends. While revenue remained relatively stable, current assets decreased by 38% to £4.8 million, a significant drop. Bank borrowings increased by 200% to £5.5 million, and cash reserves plummeted 41% to £2.7 million. However, creditors decreased by 15% to £1.6 million, suggesting some improvements in managing short-term liabilities. The company’s medium size (meeting two of three conditions for turnover under £36 million, balance sheet total under £18 million, and fewer than 250 employees) allows for flexibility, but the decrease in cash and increase in debt warrants attention. The company's auditor is BSN Associates Limited.

Despite these challenges, Wrights Plastics’ focus on providing a complete range of services—from design to despatch—and its commitment to responsible and sustainable practices positions it well for the future. The company’s ability to adapt to changing market demands and maintain strong customer relationships will be key to its continued success.

Registered in England/Wales under the registration number 02108847, with a registered address at B70 8JH, United Kingdom, West Midlands, Brandon Way, West Bromwich.

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