Drac Logistics Limited

Drac Logistics Ltd from Stone UK: a large company, holding company, active status, founded 15 years ago, employing 29 people, holding £7,321,936 in assets, generating £29,498,122 in yearly revenue, with a real address, managed by six directors and one owner, boasting a Google rating of 4.0 based on seven reviews. It’s an irregular importer of various textile products, sets, used clothing, and rags, with just one month of import activity recorded.

The company operates as a supply chain solutions provider, offering storage, accredited insulated packaging materials, and logistics services. Its website details multiple locations: a head office in Stone, Staffordshire, offices in Cumbernauld and Rochdale, and a facility in Oldmeldrum. Drac Logistics provides a wide range of services, including air, customs, drinks, fresh, sea, road, packaging, track and trace, technology, and consultancy. They even have a new 32,000 sq ft warehouse based in Stone.

Financially, Drac Logistics shows some interesting trends. Accrued liabilities decreased by 9.0%, while administrative expenses fell by 8.1%. Bank borrowings remained steady, but cash bank on hand increased significantly by 63.0% to £1,000,000. Turnover revenue increased by 22.0% to £29,000,000, which is a positive sign. However, net assets also increased by 25.0% to £1,700,000. The company’s size (meeting two of three criteria for a large company) suggests it’s well-established, but the increase in bank borrowings could be a sign of expansion or investment. The company is audited by Deans, and the report was authorised on December 19, 2023. It’s a solid business, but the rise in debt warrants further observation.

Registered in England/Wales under the registration number 07018954, with a registered address at ST15 0SS, England, Stone, Staffordshire, Unit 3, Tungsten Opal Way, Stone Business Park.

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