DISCOVERY FLEXIBLES LIMITED
Company number 02417982 · Monitor this company
Executive summary
Discovery Flexibles Limited presents elevated investment risk driven by critically thin liquidity (£48K cash on £15.4M revenue), ongoing equity erosion (86% decline in net assets since 2016), and a recent history of technical insolvency in 2020. While the 35-year operating history and current solvent position provide some reassurance, the declining net assets trajectory and minimal financial buffer leave the company highly vulnerable to operational shocks. Thorough investigation of the parent company relationship, detailed profitability, and the resolution of the 2020 insolvency is essential before any investment commitment.
Shareholders' funds
£1,450,000
Balance sheet as at 2024-12-31
What it does
The principal activity of the company is The Company's principal activity is the manufacture of high-grade flexible packaging materials for the food, confectionery and healthcare markets.
The company's own description, from its latest filed accounts.
Overview
- Company type
- Private Limited Company
- Incorporated
- 1989-08-30
- Employees
- 75 (2024 accounts · was 80 in 2023)
- Registered office
- International House, 36-38 Cornhill, London, England, EC3V 3NG
- Postcode
- EC3V 3NG
- Capital
- 1,450,000 GBP
- Accounts category
- Full
- Charges
- 3 outstanding
Accounts
- Last made up to
- 2024-12-31
- Next due by
- 2026-12-31
- Financial year end
- 31 December
Confirmation statement
- Last statement dated
- 2026-09-24
- Next due by
- 2027-10-08
Nature of business (SIC)
- 22290 Manufacture of other plastic products
- 82920 Packaging activities
Officers 2 current · 34 resigned
Group structure 1 subsidiary
Controlled by DISCOVERY FLEXIBLES HOLDINGS LIMITED — since 2016-04-06
From persons-with-significant-control filings on the public register.
Data protection registration
Registered with the ICO as a data protection fee payer — ZA802290 (Tier 2), registered since 2020.
Information Commissioner's Office register of fee payers, licensed under the Open Government Licence.
Contact details
Previous company names
| Name | Date changed |
|---|---|
| DANAPAK FLEXIBLES LIMITED | 2008-11-18 |
| TEICH FLEXIBLES (UK) LIMITED | 2003-03-20 |
| BONAR TEICH FLEXIBLES LIMITED | 1998-04-08 |
| BONAR FLEXIBLES LIMITED | 1990-01-30 |
| BREEZEMEAD LIMITED | 1990-01-11 |
Previous registered addresses 14
| Address | Changed on |
|---|---|
| 7 PARK ROAD, DUFFIELD, BELPER, DERBYSHIRE, DE56 4GL | 2019-02-15 |
| C/O TECNOGRAV LIMITED NOTTINGHAM ROAD, SPONDON, DERBY, DE21 7GX, UNITED KINGDOM | 2010-02-05 |
| C/O TECNOGRAV LIMITED NOTTINGHAM ROAD, SPONDON, DERBY, DERBYSHIRE, DE21 7GX | 2009-09-08 |
| GISTERED OFFICE CHANGED ON 08/09/2009 FROM, C/O TECNOGRAV LIMITED NOTTINGHAM ROAD, SPONDON, DERBY, DERBYSHIRE, DE21 7GX | 2009-09-08 |
| 68 PARK ROAD, DUFFIELD, BELPER, DERBYSHIRE, DE56 4GR, UNITED KINGDOM | 2009-08-04 |
| GISTERED OFFICE CHANGED ON 04/08/2009 FROM, 68 PARK ROAD, DUFFIELD, BELPER, DERBYSHIRE, DE56 4GR, UNITED KINGDOM | 2009-08-04 |
| GISTERED OFFICE CHANGED ON 14/07/2008 FROM, 68 PARK ROAD, DUFFIELD, DERBY, DERBYSHIRE, DE56 4GR | 2008-07-14 |
| 68 PARK ROAD, DUFFIELD, DERBY, DERBYSHIRE, DE56 4GR | 2008-07-14 |
| C/O CONSTANTIA SITTINGBOURNE LTD, EUROLINK COMMERCIAL PK, BONHAM DRIVE, SITTINGBOURNE, KENT ME103RY | 2008-05-30 |
| GISTERED OFFICE CHANGED ON 30/05/2008 FROM, C/O CONSTANTIA SITTINGBOURNE LTD, EUROLINK COMMERCIAL PK, BONHAM DRIVE, SITTINGBOURNE, KENT ME103RY | 2008-05-30 |
| C/O G&A HEALTHCARE PACKAGING, EUROLINK COMMERCIAL PARK, BONHAM DRIVE, SITTINGBOURNE, KENT ME10 3RY | 2007-05-11 |
| EUROLINK COMMERCIAL PARK, BONHAM DRIVE, SITTINGBOURNE, KENT ME10 3RY | 2005-02-28 |
| P.O. BOX 58, NOTTINGHAM ROAD, SPONDON, DERBY DE21 7GY | 2005-02-23 |
| ROYEX HOUSE, ALDERMANBURY SQUARE, LONDON, EC2V 7LD | 1990-02-20 |
Among its peers
Top 25%
by shareholders' funds, of 33 similar companies in EC
The largest employer among its local peers (75 staff).
2nd oldest of its local peers, trading since 1989.
No.4 of the largest manufacture of other plastic products companies in London →
Competitors London
This company ranks 4 among manufacture of other plastic products in London.
The class of 1989
50%
of the 21,096 companies incorporated in 1989 are still active today; 45% have since been dissolved.
A fact about the year, not a forecast for this company.