Erico Pallets Limited

Erico Pallets Limited, based in Andover, UK, is a holding company established five years ago in 2019. With eleven employees and assets totaling £5,371,395, the company operates from a real address and is overseen by four directors and one owner. A Google rating of 4.0 from four reviews suggests a generally positive customer experience. The company regularly imports basic metal tools and utensils, with the latest import occurring in October 2024, and exports machinery, boilers, and mechanical appliances—parts, with the last export in November 2022.

The company’s website highlights its focus on pallet management solutions, emphasizing sustainability and circularity. It positions itself as a partner for businesses seeking to optimize their supply chains through pallet reuse and recovery, boasting a network supporting over 2,000 customers and managing 12 million pallets annually. The website details services ranging from pallet supply and purchase to asset management and onsite services, all geared toward reducing costs, waste, and CO emissions.

However, a review of the company’s financial data reveals some concerning trends. While turnover remained stable at £5,371,395, net assets plummeted 430% to £4,500,000. Bank borrowings increased significantly by 2400%, reaching £29,000, and cash reserves decreased by 82% to just £820,000. Trade debtors increased by 36%, suggesting potential issues with customer payments, while creditors also rose by 14%. The sharp decline in equity, despite stable turnover, indicates a potential strain on the company's financial health. The lack of an auditor mentioned suggests the company is exempt from an audit, relying on unaudited financial statements.

The company’s reliance on a single owner, coupled with the recent surge in borrowings, warrants close monitoring. While Erico Pallets Limited’s commitment to sustainability and its extensive network are commendable, the financial data suggests a need for careful management to ensure long-term viability.

Registered in England/Wales under the registration number 12136812, with a registered address at SP10 5AZ, England, Andover, Hampshire, Roman House, North Way.

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