Pallet Wrap Ltd

Pallet Wrap Ltd is a small, active company based in Colchester, UK, founded eight years ago in 2016. With £832,955 in assets and a virtual address (shared by 230 other companies), it’s a modest operation employing seven people and overseen by three directors, with Kerry Carr being the sole owner and director. The company operates an e-commerce site and specializes in the packaging activities industries, acting as an irregular importer of machinery, boilers, and mechanical appliances, parts, with the last import activity recorded two months ago in May 2023.

The company's website, infopalletwrapltd.com, showcases a range of pallet wrap and stretch films, wrapping machines, and mini-wrap solutions. It positions itself as "one of the UK's largest independently owned suppliers," emphasizing a stock range of hand, machine, and mini-stretch films, bespoke specifications, and quick dispatch. The site features a "Pro Gallery" showcasing products and contact information for Matt Carr, the Sales Director. It’s clear the company is focused on direct sales to businesses requiring pallet wrapping solutions.

Financially, Pallet Wrap Ltd presents a mixed picture. While current assets increased by 33% to £830,000, net assets have seen a dramatic increase of 1400% to £460. Bank borrowings surged by 76%, reaching £140,000, and cash reserves fell by 3.4% to £58,000. Creditors have also increased by 52%, suggesting a reliance on trade credit. 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 flexibility, but the significant increase in debt and the decrease in cash reserves raises some concerns. There’s no auditor mentioned, so the figures are unaudited.

Overall, Pallet Wrap Ltd appears to be growing, but it’s also burning through cash. The company’s success hinges on maintaining sales momentum and managing its increased debt load—something that will be important going forward.

Registered in England/Wales under the registration number 10227089, with a registered address at CO7 7BY, England, Colchester, Chalice House Bromley Road, Elmstead.

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