Abc Racking (uk) Ltd

Abc Racking Uk Ltd, based in Walsall, UK, is a small holding company with an active status, established nine years ago in 2016. The company employs fifteen people and holds £793,093 in assets. It operates from a real address and is overseen by three directors and three owners. Abc Racking is a regular importer of iron or steel products, with four months of import activity recorded, the last in November 2023. It also engages in irregular exporting of miscellaneous manufactured goods, with just one month of export activity as of March 2022.

The company’s website highlights its focus on providing warehouse storage solutions, including pallet racking, shelving, and mezzanine floors. They offer new and used equipment, site surveys, CAD drawings, and even racking inspections—a comprehensive service for businesses looking to optimize their storage capacity. The website emphasizes competitive pricing, a 30-day return policy, and fast customer support. They even boast an in-house SEMA Approved Rack Inspector, a unique selling point in the industry.

Financially, Abc Racking Uk Ltd shows some concerning trends. Current assets decreased by 12% to £790,000, while net assets increased by just 3.5% to £790,000. Bank borrowings vanished entirely, a positive sign, but cash reserves fell by 8.6% to £400,000. Trade debtors decreased by 16%, and creditors plummeted by a staggering 91%, suggesting improved payment terms with suppliers. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble, but the drop in assets raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company's property plant and equipment has seen some interesting shifts. Furniture fittings depreciation increased by 29%, while motor vehicle depreciation rose by 7.8%. Plant machinery depreciation saw the most significant change, increasing by 54%. Despite these changes, the company continues to operate and provide services. It’s worth noting that the company’s accounting practices are based on FRS 102 Section 1A and the accounts are unaudited.

Registered in England/Wales under the registration number 09985618, with a registered address at WS9 8UZ, England, Walsall, Unit 1 Beecham Close.

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