Drywite Limited

Drywite Ltd, based in Halesowen, UK, is a small, active company with a remarkable 91-year history, founded in 07/20/1933. Employing 28 people and holding assets of £1,713,663, it’s a well-established player in its sector. The company has six directors and is owned by Lee Kelvin Charles Vernon. It operates from a real address and has a solid reputation.

Drywite specializes in manufacturing condiments and seasonings, other chemical products, and non-specialized wholesale trade. It’s an irregular importer of plastics and plastic products, with just one month of import activity recorded in 2023. However, it’s a regular exporter of organic chemicals, boasting 27 months of export activity, with the most recent in February 01, 2025. Its website showcases a range of food preparation products designed to extend the shelf life of potatoes, vegetables, and fruit, catering to the food processing industry. They offer solutions for reducing browning, increasing shelf life, and even eliminating bacteria.

Financially, Drywite Ltd presents a mixed picture. While its assets remain substantial, several key metrics have declined. Current assets decreased by 17% to £1,700,000, and net assets fell 5% to £1,900,000. Bank borrowings increased by 41%, reaching £350,000, and cash reserves dropped 12% to £320,000. Trade debtors also experienced a significant decrease, falling 39% to £550,000. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 30 employees. With no auditor mentioned, the financial statements are unaudited.

The decline in cash reserves and increase in borrowings suggest that Drywite may be facing tighter cash flow, possibly due to increased costs or slower-than-expected sales. However, the company’s long history and established export business indicate a resilient business model, and its focus on specialized food preparation products suggests a niche market with potential for continued growth.

Registered in England/Wales under the registration number 00278011, with a registered address at B63 2RA, Halesowen, West Midlands, The House Of Lee, 23 Park Lane.

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