Wydale Plastics Limited

Wydale Plastics Ltd from Somerset UK: a large company with an active status, was founded 31 years ago and employs 68 people. Its assets total £5,948,679, with a yearly revenue of £9,113,179. Based at a real address, the company is overseen by six directors and two owners, boasting a stellar 5.0 Google rating from 16 reviews. It regularly imports plastics and plastic products (22 months) and exports machinery, boilers, and mechanical appliances (60 months).

The company specializes in rotational contract moulding, offering a wide range of agricultural and industrial products, most notably its calf feeding equipment and water storage tanks. Its website showcases a diverse product line, from tanks for agricultural use to specialized fittings for campervans, and even contract moulding services. The company’s website highlights its expertise in CAD design, bespoke tooling, and a four-step production process, finishing with quality checks and final product dispatch.

Financially, Wydale Plastics Ltd appears relatively stable. While depreciation increased by 55%, indicating investment in property, plant, and equipment, the company’s cash reserves saw a significant boost, jumping 59% to £3.8 million. Revenue increased by 3.3%, reaching £9.1 million, and net assets increased by 20% to £5.9 million. However, bank borrowings increased by 400%, and the company’s average number of employees decreased by 9%, which could be due to streamlining operations. The company's tax expense increased by 87%, which may reflect increased profitability. The accounts were audited by Mitchams Accountants Limited.

Overall, Wydale Plastics Ltd seems to be a well-established and financially healthy company, demonstrating growth in revenue and cash reserves. The increase in bank borrowings and decrease in employees, however, warrant closer monitoring to ensure sustainable growth.

Registered in England/Wales under the registration number 02823704, with a registered address at TA18 8RF, Somerset, Cathole Bridge Road, Crewkerne.

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