Grip Systems Limited

Grip Systems Ltd from Cannock UK: a small, active company founded nine years ago, employs just one person, and holds assets of £2,190,525. It’s a family business with three directors and three owners, operating from a real address shared by eight other companies. The company regularly imports paper and paperboard products (26 months) and exports basic metal tools and utensils (32 months).

The business focuses on improving warehouse efficiency through innovative packaging solutions. Its website highlights Grip Film and Grip Applicator products, designed to maximise operations and reduce workload for operators. They boast a global network of distributors, operating in over 12 countries, and even offer bespoke distributor opportunities. The website also features a blog with packaging tips and savings, alongside a registration form for subscribers.

Financially, Grip Systems Ltd shows some interesting trends. While cash bank holdings increased significantly by 82% to £140,000, net assets grew by 32% to £610,000. However, creditors jumped by 25% to £1.6 million, and other inventories increased by a substantial 90% to £850,000. Average employee numbers have increased dramatically, rising by 400% to five people. Trade debtors remained relatively stable, but a decrease in accrued liabilities deferred income was noted. The company meets the criteria for a small company, with turnover under £10.2 million and assets under £5.1 million. There’s no mention of an auditor, which is typical for companies of this size. The significant increase in employee numbers, combined with rising inventories and creditors, suggests the company is expanding its operations—but also potentially burning through cash faster.

Registered in England/Wales under the registration number 09734085, with a registered address at WS11 8LD, England, Cannock, Somerville House Blakeney Way, Kingswood Lakeside.

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