Restrap Limited

Restrap Ltd from Leeds UK is a small, active company founded twelve years ago in 2012. With 57 employees and £968,843 in assets, it operates from a real address and is led by a single director and owner—a solo founder. The company runs an e-commerce site and enjoys a stellar 5.0 Google rating based on 63 reviews. It regularly imports treated or layered fabrics for industrial use, with 48 months of import activity, and exports leather goods, travel bags, and animal harnesses, having exported for 61 months.

The company’s website, restrap.com, specializes in technical bikepacking gear for all kinds of bikes. It offers a wide range of carrying solutions, including cockpit bags, frame bags, panniers, and luggage straps, catering to gravel riding, road riding, and cycle touring. Handmade in the UK, Restrap’s products are rigorously tested in the Yorkshire Dales and come with a lifetime warranty. The site also features a blog, build gallery, and technical documents, reinforcing its expertise in bikepacking.

Financially, Restrap Ltd’s report reveals some concerning trends. Current assets have decreased by 15% to £970,000, while net assets have fallen 18% to £830,000. Bank borrowings have also decreased, and cash reserves dropped by 20% to £460,000. Trade debtors have plummeted by 58%, which could be a positive sign of improved collections, or it could indicate a slowdown in sales. Creditors have also decreased, suggesting better debt management. The company’s small size—meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees—helps it remain nimble, but the decline in equity raises questions. The company is exempt from an audit, so the figures are unaudited.

The decrease in the number of employees, from 57 to 42, is a notable change. It's possible that the company has streamlined its operations, or it could signal a period of uncertainty. While the e-commerce side appears vibrant and well-regarded, the financial data suggests a need for careful monitoring and strategic adjustments.

Registered in England/Wales under the registration number 08086515, with a registered address at LS3 1JA, England, Leeds, Unit G1, 102 Kirkstall Road.

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