Mainline Baits Limited

Mainline Baits Limited is a small, active company based in Romford, UK, established thirteen years ago in 2012. With fifteen employees and £4,003,917 in assets, it operates from a virtual address, a detail that raises some questions about its physical presence. The company is led by five directors, though it has no officially listed owners, a common situation for smaller businesses. Mainline Baits specializes in the import and export of essential oils and perfumes, with a history of importing for three months and exporting for fourteen months.

The company’s website reveals a core business focused on carp bait and boilies, catering to the angling community. It’s more than just a retailer; it’s a brand built on quality and expertise, offering a wide range of products, including boilies, hookbaits, pellets, and liquids. The site is packed with content – articles, movies, catch reports, and consultant advice – all designed to engage and inform anglers. The website even has a section dedicated to “Team Mainline Bait” featuring several prominent anglers, highlighting the company’s influence within the angling world.

Financially, Mainline Baits presents a mixed picture. Cash bank on hand decreased by 17% to £2,100,000, while trade debtors increased significantly by 62% to £1,500,000. Creditors also rose by 19% to £380,000, suggesting increased borrowing. However, net assets grew by 4.6% to £3,800,000, and net current assets increased by 6.2% to £3,600,000. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the rise in trade debtors could indicate challenges in collecting payments. No auditor is mentioned, which is typical for small companies exempt from mandatory audits. Overall, Mainline Baits seems to be navigating a period of change, with growth in some areas offset by increased debt and a need to manage its working capital more effectively.

Registered in England/Wales under the registration number 08030133, with a registered address at RM1 3JT, Romford, Essex, 10 Western Road.

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