{"name":"COUNTERPLAS LIMITED","company_number":"02560907","status":"Active","type":"Private Limited Company","incorporated":"1990-11-21","dissolved":null,"registered_office":"Landywood Lane, Cheslyn Hay, Walsall, West Midlands, England, WS6 7AL","postcode":"WS6 7AL","sic_codes":[{"code":22290,"description":"Manufacture of other plastic products"}],"principal_activity":"The principal activity of the company continued to be that of quality printing, plating, injection moulding and assembly.","previous_names":[{"name":"RECORDRELAY LIMITED","changed_on":"1991-05-15"}],"warnings":[],"accounts":{"category":"Full","year_end":"31 December","last_made_up_to":"2025-12-31","next_due":"2027-09-30"},"employees":{"count":76,"accounts_date":"2025-12-31"},"financials":[{"financial_date":"2025-12-31","profit_loss":700035,"net_assets":1794091,"cash":145528,"average_employees":76},{"financial_date":"2024-12-31","profit_loss":630484,"net_assets":1894056,"cash":26924,"average_employees":67},{"financial_date":"2023-12-31","net_assets":1549753,"cash":206033},{"financial_date":"2022-12-31","net_assets":1352467,"cash":82392},{"financial_date":"2021-12-31","turnover":10060980,"net_assets":1078560,"cash":297653}],"officers":{"current":2,"resigned":12,"complete":true,"note":"Names and details of individual officers are on the People page (subscriber-only on this site) and free at Companies House."},"charges":{"total":2,"outstanding":2},"gazette_notices":[],"insolvency_outcome":null,"ai_summary":"Counterplas Limited presents a mixed risk profile: a well-established, profitable manufacturing business with strong cash generation, but one experiencing significant working capital strain evidenced by an 83% decline in net current assets and a current ratio of only 1.03. The 63% surge in debtors against 11.5% revenue growth is the most material concern, potentially signalling collection difficulties or aggressive revenue recognition. The decision to distribute £800,000 in dividends—exceeding annual profit—while liquidity is under pressure raises questions about capital allocation discipline. Further investigation into debtor quality, creditor composition, and banking facilities is essential before any investment commitment.","website":"https://www.counterplas.co.uk/","links":{"page":"https://www.companiesintheuk.co.uk/ltd/counterplas","people":"https://www.companiesintheuk.co.uk/company/counterplas/people","filing_history":"https://www.companiesintheuk.co.uk/company/counterplas/filing-history","companies_house":"https://find-and-update.company-information.service.gov.uk/company/02560907","financials":"https://www.companiesintheuk.co.uk/company/counterplas/financial","control":"https://www.companiesintheuk.co.uk/company/counterplas/control","charges":"https://www.companiesintheuk.co.uk/company/counterplas/charges","ai_analysis":"https://www.companiesintheuk.co.uk/company/counterplas/analysis"},"source":"CompaniesInTheUK, from Companies House, The Gazette and other public registers (see /support/about). Cite as: CompaniesInTheUK, https://www.companiesintheuk.co.uk/ltd/counterplas"}