Ready Case Limited

Ready Case Ltd, based in Woking, UK, is a sizable company with a 43-year history, currently employing 77 people. The company boasts assets of £2,682,444 and generates revenue of £8,461,267 annually. It's an active business with a real address and is overseen by six directors and one owner. Google users rate it 3.0 out of 5 based on four reviews. The company regularly imports paper and paperboard products (23 months) and exports machinery, boilers, and mechanical appliances parts (3 months).

Ready Case Ltd operates in the manufacture of other paper and paperboard containers. While a website isn't readily available, this suggests a business-to-business model rather than direct consumer sales. It's likely they supply packaging solutions to other companies.

Financially, Ready Case Ltd presents a mixed picture. While revenue remains strong, there's a concerning trend of declining equity. Net assets have fallen significantly, dropping 76% to just £320,000. Bank borrowings have increased dramatically, surging 130% to £1,200,000, while cash reserves have fallen 30% to £12,000. Creditors have also decreased by 18%, which could indicate improved debt management, but the overall picture suggests the company is burning through cash. The company meets two of three conditions to be considered a large company, with turnover over £36 million, balance sheet total over £18 million, and average number of employees over 250. The lack of an auditor mentioned suggests the company is exempt from a full audit, relying on unaudited financial statements.

The company’s significant increase in bank borrowings could be a response to rising costs or an investment in expansion. However, the declining equity and cash reserves warrant close monitoring. The company's history and established import/export operations provide a solid foundation, but sustaining growth will depend on improving its financial health.

Registered in England/Wales under the registration number 01590386, with a registered address at GU24 0JY, Woking, Surrey, Birch Grove Chapel Lane, Pirbright.

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