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Plasmech Packaging Limited

03458871

active
Private Limited Company
Companies House
Health Score
67 / 100

Some Concerns

25/30
Filing
10/30
Financial
32/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 4 outstanding charges (-8)

Details

C/O HANMERE, LETCHWORTH GARDEN CITY, SG6 1HD
Incorporated 31/10/1997

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

22220
Manufacture of plastic packing goods

Officers

Mr Jim Farrell

director · Since 09/09/2020

DIRECTOR

IRISH · ENGLAND · Age 55

Also on 2 other boards

Mr Mark Anthony Rooney

director · Since 27/09/2023

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 63

Also on 7 other boards

Persons with Significant Control

Trueman Bidco Limited

75–100% shares

C/O Hanmere Polythene Limited, Blackhorse Road, Letchworth Garden City, SG6 1HD

Reg: 13045882 · Companies House · Private Limited Company

Notified 19/03/2021

Former PSCs

Mr Keith Sidney Bartlett

Ceased 09/09/2020

Trueman Holdco Limited

Ceased 19/03/2021

Charges4 outstanding

Charge
outstanding

GLAS TRUST CORPORATION LIMITED

Created 13/11/2025Registered 14/11/2025
Charge
satisfied

GLAS TRUST CORPORATION LIMITED

Created 19/03/2021Registered 24/03/2021Satisfied 14/11/2025
Charge
outstanding

GLEN MORRIS

Created 25/01/2021Registered 29/01/2021
Charge
outstanding

DAVID LENNON

Created 25/01/2021Registered 29/01/2021
Charge
satisfied

MUSHTAQ KHAN

Created 25/01/2021Registered 29/01/2021Satisfied 05/03/2021
Charge
outstanding

CHILTERN CAPITAL NOMINEES (TRUEMAN) LIMITED

Created 25/01/2021Registered 27/01/2021
Charge
satisfied

INVESTEC BANK PLC

Created 09/09/2020Registered 15/09/2020Satisfied 14/11/2025
charge
satisfied

MIDLAND BANK PLC

Created 23/04/1998Registered 25/04/1998Satisfied 16/06/2012

CompanyRankvs 180+ SIC 22220 peers
76

Financial strength90th percentile among SIC peers · 23/25
Employees84th percentile among SIC peers · 13/15
LiquidityCurrent ratio 4.19× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength23/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees13/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity20/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/03/2020

Net Worth

£2.6M

Balance sheet strength

Cash

£2.1M

Cash in the bank

Net Current Assets

£2.5M

Working capital

Current Assets

£3.3M

Current Liabilities

£781k

Fixed Assets

£184k

Debtors

£1.1M

20avg. employees-2

Balance Sheet

Assets less current liabilities£2.7M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20204.19+£569k
20192.98—

Derived from filed accounts. Not audited figures.