Baler Options Ltd

Baler Options Ltd, based in Alfreton, UK, is a small, active company founded 18 years ago. With three employees and £220,200 in assets, it’s a solo-founded operation managed by three directors and a single owner. The company boasts a perfect 5.0 Google rating from one review. It's an irregular importer, primarily dealing in iron or steel products, with its last import operation occurring in July 2024.

The company’s website positions Baler Options Ltd as a leading provider of balers, compactors, and crushers. It caters to businesses looking to reduce waste and recycling spend, offering a range of vertical balers, compactors, and specialist equipment. The site emphasizes free trials, competitive pricing, and a commitment to helping businesses improve their green credentials. It even offers a rental scheme and highlights the environmental benefits of waste reduction.

Financially, Baler Options Ltd presents a mixed picture. While current assets increased by 11% to £220,000, net assets rose by a more substantial 19% to £240,000. However, bank borrowings surged by 2,400%, reaching £29,000, and cash reserves fell 30% to £55,000. Trade debtors also increased significantly, by 16%, suggesting potential challenges in collecting payments. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble, but the increase in borrowings warrants closer attention. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Baler Options Ltd appears to be a well-regarded business in its niche, but the recent surge in borrowing suggests it may be investing heavily or facing temporary cash flow pressures. It’s a small company with a good reputation, but keeping an eye on its financial health is important.

Registered in England/Wales under the registration number 06144836, with a registered address at DE55 7RA, Alfreton, Derbyshire, Venture Crescent, Somercotes.

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