Ratchet Straps Direct Limited

Ratchet Straps Direct Ltd from Luton, UK, is a small, active company founded five years ago. With zero employees and £113,319 in assets, it operates as an e-commerce site with a virtual address, managed by one director and owner. The company is an irregular importer, specializing in special woven and decorative fabrics, with just one month of imports recorded as of December 2022.

The company’s website showcases a range of ratchet straps, corner protectors, and HGV driver gloves, catering to the commercial transportation sector. It offers click-and-collect options and emphasizes fast product delivery, alongside knowledgeable staff and a commitment to premium materials. The site also features a blog and contact form, suggesting an effort to engage customers and build brand awareness.

Financially, Ratchet Straps Direct Ltd presents a mixed picture. Cash bank on hand has increased dramatically by 880%, reaching £81,000, while current assets have also seen a substantial increase of 110% to £110,000. However, net losses deepened to -£34,000, and trade debtors decreased by 32%. Creditors also increased by 89% to £31,000. The company’s small size (meeting two of three criteria for a small company) allows for flexibility, but the increased borrowing and losses suggest potential cash flow challenges. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited. It’s possible the company is reinvesting in its inventory or marketing efforts, which could explain the increased borrowing and losses—but keeping a close eye on cash flow will be important moving forward.

Registered in England/Wales under the registration number 12347502, with a registered address at LU1 3BE, United Kingdom, Luton, Bedfordshire, 25 Park Street West.

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