Drainfast Limited

Drainfast Ltd from Farnham UK: a sizable company with an active status, established fifteen years ago, employs sixty-one people, and holds £5,618,176 in assets. Yearly revenue reaches £20,656,650, operating from a virtual address, managed by three directors with no owners reported. It’s an e-commerce site boasting a perfect 5.0 Google rating from twenty-five reviews. The company regularly imports plastics and plastic products (forty-seven months) and exports iron or steel products sporadically (one month).

Drainfast Ltd operates as a comprehensive drainage supplies retailer, offering a wide array of products through its online store. The website showcases an extensive catalog, categorized into areas like Underground Drainage, Channel Drainage, Surface Water, and Land Drainage, with sub-categories detailing specific items like pipes, fittings, manhole covers, and geotextiles. It also features brands like ULMA, ACO, and SiteStak, indicating partnerships with established manufacturers. The site's navigation is straightforward, with clear menus and search functionality, and it highlights services like a free material takeoff service and next-day delivery.

Financially, Drainfast Ltd presents a mixed picture. While revenue remained strong at £20,656,650, current assets decreased by 8.9% to £5,600,000. Bank borrowings increased significantly, reaching £670,000, while cash reserves dropped to £2,100. Creditors also rose by 11%, suggesting a need to manage short-term liabilities. The company’s large size (meeting two of three conditions for a large company) and relatively high revenue indicate a successful business model, but the decrease in assets and cash raises questions about its liquidity. The lack of a named auditor suggests that the company is exempt from mandatory auditing, relying on internal financial reporting.

The company’s focus on e-commerce and efficient delivery, coupled with its wide product range, positions it well in the competitive drainage supplies market. However, the recent financial trends suggest a need for careful management of cash flow and short-term debt to ensure long-term stability.

Registered in England/Wales under the registration number 07133601, with a registered address at GU9 7PT, Farnham, Surrey, Wey Court West, Union Road.

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