D R Baling Wire Manufacturers Limited

D R Baling Wire Manufacturers Ltd, based in South Yorkshire, UK, is a sizable company with a 22-year history. Employing 23 people and holding assets of £11,626,606, it operates as a holding company with an active status. The business, led by two directors and one owner, has a strong Google rating of 5.0 based on one review. It’s a regular importer of iron or steel products, with 11 months of import activity recorded, and a regular exporter, having exported iron and steel for 27 months.

The company’s website highlights its role as a leading UK wire manufacturer, specializing in baling wire. It produces British steel wire and offers various forms, including galvanized, annealed, and PlasLOC—a plastic wire alternative emphasizing environmental friendliness. The site showcases a commitment to quality and innovation, with a history spanning over half a century. It’s clear that D R Baling Wire manufactures and sells wire products, with a focus on the baling industry.

Financially, D R Baling Wire shows some interesting trends. Cash bank on hand increased significantly by 49%, reaching £6,300,000, and interest income on bank deposits rose by a staggering 1000%, reaching £240,000. However, trade debtors increased by 14%, suggesting potential issues with customer payments. Bank borrowings also increased, though not as dramatically. The company’s net assets grew by 14%, reaching £13,000,000. Despite the growth in assets, the company’s net loss deepened, with losses reaching -£400,000. The company meets the criteria to be considered a large company, having met two of three conditions: turnover more than £36 million, balance sheet more than £18 million, and employees more than 250. The accounts were audited by Henton & Co LLP. Overall, D R Baling Wire appears to be a stable, growing business, though the increased losses warrant further investigation.

Registered in England/Wales under the registration number 04429207, with a registered address at S36 8YW, South Yorkshire, Oxspring Wire Mills Oxspring, Sheffield.

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