Advanced Plastics Limited
02758361
Some Concerns
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 3 outstanding charges (-6)
Details
Compliance
Last accounts
31/12/2024
medium
Next accounts due
30/09/2026
Confirmation statement
Last: 21/10/2025
Due 04/11/2026
Industry
Officers
director · Since 13/06/2007
COMPANY DIRECTOR
BRITISH · UNITED KINGDOM · Age 57
secretary · Since 12/11/2025
director · Since 12/11/2025
FINANCE DIRECTOR
BRITISH · ENGLAND · Age 36
Also on 4 other boards
director · Since 12/11/2025
MANAGING DIRECTOR
BRITISH · ENGLAND · Age 52
Also on 4 other boards
director · Since 12/11/2025
SALES DIRECTOR
BRITISH · ENGLAND · Age 60
Also on 5 other boards
director · Since 12/11/2025
COMMERCIAL DIRECTOR
BRITISH · ENGLAND · Age 56
Also on 4 other boards
Persons with Significant Control
Advanced Plastics Group Limited
Advanced Plastics Limited, Bergen Way, Hull, HU7 0YQ
Reg: 06266375 · England And Wales · Limited Company
Notified 23/10/2016
Charges3 outstanding
HSBC INVOICE FINANCE (UK) LIMITED
HSBC ASSET FINANCE (UK) LTD AND HSBC EQUIPMENT FINANCE (UK) LTD
HSBC BANK PLC
THE ROYAL BANK OF SCOTLAND PLC
YORKSHIRE FORWARD (YORKSHIRE & HUMBER REGIONAL DEVELOPMENT AGENCY)
CompanyRankvs 379+ SIC 22290 peers65
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Going concern doubt: -10 pts
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
in demand from current customers. DIRECTORS The directors shown below have held office during the whole of the period from 1st January 2024 to the date of this report. R J Anderson C J Pearson GOING CONCERN The directors have performed a robust assessment of the company's ability to continue as a going concern, considering the principal risks and uncertainties facing the business, including
Key FinancialsYear ending 31/12/2024
Turnover
£31.3M
Annual revenue
Net Worth
£7.2M
Balance sheet strength
Cash
£3.3M
Cash in the bank
Profit Before Tax
£2.8M
Bottom line earnings
Net Current Assets
£4.6M
Working capital
Current Assets
£10.7M
Current Liabilities
£6.1M
Fixed Assets
£3.6M
Debtors
£5.1M
Cost of Sales
£21.3M
Gross Profit
£10.1M
Admin Expenses
£7.3M
Operating Profit
£2.7M
Profit After Tax
£2.5M
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 1.75 | -£247k |
| 2023 | 1.94 | -£1.4M |
| 2021 | 2.17 | — |
Derived from filed accounts. Not audited figures.