Industrial Racking Supplies Limited

Industrial Racking Supplies Limited is a small, active company based in Hull, UK, holding company, founded sixteen years ago in 2009. With seventeen employees and £1,892,926 in assets, it operates from a real address and is overseen by five directors and a single owner. The company runs an e-commerce site and has earned a perfect 5.0 Google rating from four reviews. It’s an irregular importer, primarily dealing in iron or steel products, with its last import operation recorded two months ago in May 2024.

The company’s website details its focus on industrial racking solutions, catering to businesses needing storage and handling equipment. It appears to be a wholesale operation, supplying businesses rather than directly to consumers. The site showcases a range of racking systems, shelving, and related accessories, suggesting a focus on efficiency and durability.

Financially, Industrial Racking Supplies Limited presents a mixed picture. Current assets increased by 25% to £1,200,000, while net assets grew by 13% to £1,800,000. Cash reserves saw a significant boost, rising 71% to £530,000. However, bank borrowings surged by 2,400%, reaching £29,000, and creditors increased by 36% to £440,000. Trade debtors grew by 40% to £360,000. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There is no auditor mentioned, likely due to the company’s small size and exemption from an audit.

The increase in debtors could indicate a delay in customer payments, while the rise in creditors suggests increased reliance on short-term financing. Overall, the company seems to be growing, but the increased debt levels warrant close monitoring. It’s a solid operation, but it's important to keep an eye on those liabilities.

Registered in England/Wales under the registration number 06818726, with a registered address at HU7 0YD, England, Hull, Industrial Racking Supplies Ltd, Gothenburg Way.

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