Arraquip Limited

Arraquip Ltd from Grantham UK is a small, holding company with an active status, established 46 years ago in 1978. Employing 19 people, the company holds assets worth £3,673,626 and operates from a real address on Londonthorpe Road. With three directors and three owners, it’s a family business boasting a stellar 5.0 Google rating from six reviews. Regular importer of iron and steel (113 months imported), Arraquip Ltd is a well-established presence in the industry.

The company’s website, Arraquip Steel Stock LTD, positions itself as a premier supplier of steel products. It offers a wide range of steel stock, deliveries, bespoke solutions, and fabrication services. The site highlights a commitment to quality, with over 40 years of trading experience. It also showcases a separate venture, Arraquip Steelstock Limited, which owns a company. The website’s "Latest Projects" section displays various steel applications, reinforcing its expertise.

Financially, Arraquip Ltd shows some concerning trends. While cash reserves increased by a modest 5.4% to £210,000, current assets decreased by 9.2% to £3,700,000. Bank borrowings have dramatically increased by 220% to £70,000, and trade debtors have fallen by 27% to £1,500,000. Creditors also increased by 220% to £70,000. The company’s net assets have declined by 13% to £1,500,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to be agile, but the increase in borrowing and decrease in assets raises questions. No auditor is mentioned, likely due to its status as a small company.

Overall, Arraquip Ltd appears to be navigating some financial challenges despite its long history and positive customer reviews. The company’s focus on steel supply and fabrication, combined with its family-run structure, suggests a resilient business—but careful management will be needed to address the recent financial trends.

Registered in England/Wales under the registration number 01391300, with a registered address at NG31 9ST, Grantham, Lincolnshire, Withambrook Industrial Estate, Londonthorpe Road.

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