{"name":"DISCOVERY FLEXIBLES LIMITED","company_number":"02417982","status":"Active","type":"Private Limited Company","incorporated":"1989-08-30","dissolved":null,"registered_office":"International House, 36-38 Cornhill, London, England, EC3V 3NG","postcode":"EC3V 3NG","sic_codes":[{"code":22290,"description":"Manufacture of other plastic products"},{"code":82920,"description":"Packaging activities"}],"principal_activity":"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.","previous_names":[{"name":"DANAPAK FLEXIBLES LIMITED","changed_on":"2008-11-18"},{"name":"TEICH FLEXIBLES (UK) LIMITED","changed_on":"2003-03-20"},{"name":"BONAR TEICH FLEXIBLES LIMITED","changed_on":"1998-04-08"},{"name":"BONAR FLEXIBLES LIMITED","changed_on":"1990-01-30"},{"name":"BREEZEMEAD LIMITED","changed_on":"1990-01-11"}],"warnings":[],"accounts":{"category":"Full","year_end":"31 December","last_made_up_to":"2024-12-31","next_due":"2026-12-31"},"employees":{"count":75,"accounts_date":"2024-12-31"},"financials":[{"financial_date":"2024-12-31","turnover":15392614,"profit_loss":528097,"net_assets":948965,"cash":48822,"average_employees":75},{"financial_date":"2023-12-31","turnover":16230190,"profit_loss":-62941,"net_assets":1671307,"cash":82237,"average_employees":80},{"financial_date":"2022-12-31","turnover":15649937,"net_assets":866677,"cash":58150},{"financial_date":"2021-12-31","turnover":13016736,"net_assets":271363,"cash":52272},{"financial_date":"2020-12-31","turnover":11316214,"net_assets":-1476889,"cash":117314}],"officers":{"current":2,"resigned":34,"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":3,"outstanding":3},"gazette_notices":[],"insolvency_outcome":null,"ai_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.","website":"http://www.discoveryflexibles.co.uk","links":{"page":"https://www.companiesintheuk.co.uk/ltd/discovery-flexibles","people":"https://www.companiesintheuk.co.uk/company/discovery-flexibles/people","filing_history":"https://www.companiesintheuk.co.uk/company/discovery-flexibles/filing-history","companies_house":"https://find-and-update.company-information.service.gov.uk/company/02417982","financials":"https://www.companiesintheuk.co.uk/company/discovery-flexibles/financial","control":"https://www.companiesintheuk.co.uk/company/discovery-flexibles/control","charges":"https://www.companiesintheuk.co.uk/company/discovery-flexibles/charges","ai_analysis":"https://www.companiesintheuk.co.uk/company/discovery-flexibles/analysis"},"source":"CompaniesInTheUK, from Companies House, The Gazette and other public registers (see /support/about). Cite as: CompaniesInTheUK, https://www.companiesintheuk.co.uk/ltd/discovery-flexibles"}