Turks Trading Ltd

Turks Trading Ltd from Gainsborough UK is a small company with an active status, founded four years ago. Accounts are overdue by a year, and the company employs three people, holding assets valued at £699,844. It has a real address, one director, and one owner. The company is an irregular importer of plastics and plastic products, with just one month of imports recorded.

The company operates from a registered address in Gainsborough, England, and is a privately owned enterprise dedicated to providing cost-effective solutions for plastic waste management. It specializes in the buy and sell of plastic waste materials, offering recycling services for manufacturers, retailers, and materials recycling facilities. Turks Trading recycles a diverse range of scrap plastic and cardboard waste, distributing the processed waste to recycling plants across the UK and Europe. The company also provides rental services for cardboard and plastic balers. Its website highlights services for plastic pallet disposal, recycling of rigid plastics, film recycling, and processing laminated reels and films. It even handles PVC and agricultural plastics.

Financially, Turks Trading Ltd presents a mixed picture. While cash bank on hand increased by 14% to £20,000, current assets also rose by 27% to £700,000. However, creditors significantly increased by 27% to £700,000, and trade debtors ballooned by 38% to £290,000. Equity, though, saw a positive trend, growing by 60% to £1,200. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it's likely exempt from an audit, relying on unaudited statements. The increase in debtors could suggest an effort to expand credit terms, but the rising creditors also point to a need to manage short-term liabilities.

The company operates in Wholesale → Non-specialised.

Registered in England/Wales under the registration number 12721385, with a registered address at DN21 1QB, England, Gainsborough, Unit 45 Corringham Road.

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