Baitworks Limited

Baitworks Ltd from Cirencester UK: a small, active company founded eleven years ago, employs twelve people, and holds £813,783 in assets. It has a real address, one director, and two owners, and enjoys a stellar 5.0 Google rating based on 176 reviews. The company regularly imports milling products, with the latest import operation made on July 01, 2024.

Baitworks Ltd operates a fishing shop and online store, specializing in carp bait and related products. The website showcases a range of boilies, pellets, pop-ups, and liquids, catering to carp anglers. It emphasizes quality, natural ingredients, and proven results, with testimonials from prominent anglers featured prominently. The site is well-designed and user-friendly, with clear product categories, detailed descriptions, and secure online ordering. They also offer a loyalty points system and a blog with articles and videos on carp fishing techniques. The website clearly indicates that they are a manufacturer of fresh, quality carp food, cutting out the middlemen.

Financially, Baitworks Ltd has seen some interesting shifts. Current assets have jumped a remarkable 130%, reaching £810,000, while bank borrowings have remained stable at £960,000. However, cash reserves have also increased significantly, up 130% to £290,000. Debtor values have risen dramatically, increasing by 5000%, to £280,000, which could indicate a period of rapid sales growth, or perhaps a change in credit terms. Liabilities have also increased, with creditors rising 11% to £200,000. The company’s small size—meeting two of three criteria for being considered small—helps it maintain flexibility. The company’s net assets remained stable at £1,100,000. No auditor is mentioned, which is common for small companies. The company’s average number of employees has increased by 25%, to fifteen.

Registered in England/Wales under the registration number 08989327, with a registered address at GL7 5TQ, England, Cirencester, Gloucestershire, Unit 2 Waterview The Mallards, South Cerney Industrial Estate.

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