PEERLESS PLASTICS AND COATINGS LIMITED
Company number 07079469 · Monitor this company
Executive summary
Peerless Plastics and Coatings has executed a remarkable transformation from balance sheet insolvency in 2019 to net assets exceeding £1m by 2025, with retained earnings growth of £439k in the latest year alone—performance that significantly outpaces typical small UK plastics manufacturers. However, this growth has been substantially debt-financed, resulting in a current ratio of 0.77x and debt-to-equity of approximately 2.88x, both of which fall materially below sector benchmarks and create vulnerability to cash flow disruption or creditor pressure. The company's specialist coatings capability and diversified asset base provide genuine competitive differentiation, but sustained success will require management to prioritise balance sheet de-leveraging alongside continued operational growth—a challenging but achievable balancing act given the demonstrated strategic capability of the leadership team.
Shareholders' funds
£1,040,076
Balance sheet as at 2025-10-31
Overview
- Company type
- Private Limited Company
- Incorporated
- 2009-11-18
- Employees
- 50 (2025 accounts)
- Registered office
- 16-20 Howlett Way, Thetford, Norfolk, IP24 1HZ
- Postcode
- IP24 1HZ
- Capital
- 314 GBP
- Accounts category
- Total Exemption Full
- Charges
- 2 outstanding
Accounts
- Last made up to
- 2025-10-31
- Next due by
- 2027-07-31
- Financial year end
- 31 October
Confirmation statement
- Last statement dated
- 2026-07-12
- Next due by
- 2027-07-26
Nature of business (SIC)
- 22290 Manufacture of other plastic products
- 32990 Other manufacturing not elsewhere classified
Officers 3 current · 4 resigned
Group structure 2 subsidiaries
-
SURVIVO WELLNESS LIMITED Dissolved
From persons-with-significant-control filings on the public register.
Previous company names
| Name | Date changed |
|---|---|
| PPC PLASTICS AND COATINGS LIMITED | 2010-01-27 |
Previous registered addresses 1
| Address | Changed on |
|---|---|
| INGRAM HOUSE MERIDIAN WAY, NORWICH, NR7 0TA, ENGLAND | 2009-12-23 |
Among its peers
Top 25%
by shareholders' funds, of 36 similar companies in IP
Among the biggest employers among its local peers (50 staff).
Trading since 2009.
No.5 of the largest manufacture of other plastic products companies in Ipswich →
Competitors Ipswich
This company ranks 5 among manufacture of other plastic products in Ipswich.
The class of 2009
32%
of the 257 companies in this sector incorporated in 2009 are still active today; 64% have since been dissolved.
A fact about the year, not a forecast for this company.
Property in England & Wales 1 title
- Leasehold
- 1
- Most recent registration
- 2023-02-14
- Where
- Norfolk
| Title number | County | Tenure | Registered | Price paid |
|---|---|---|---|---|
| NK526504 | Norfolk | Leasehold | 2023-02-14 | — |
For addresses and the authoritative register entry, use HM Land Registry's official search (£3 per title).
Information produced by HM Land Registry. © Crown copyright 2026. Dataset as at 2026-08.