Sackers Limited

Sackers Ltd, based in Ipswich, UK, is a large, active company established 44 years ago. Employing 97 people and boasting assets of £9,960,196, it’s a significant player in the region. With five directors and one owner, the company maintains a real address and holds a respectable Google rating of 4.0 based on 55 reviews. Sackers regularly imports machinery, boilers, and mechanical appliances, parts, and exports iron and steel.

The company’s website paints a picture of a waste management and scrap metal recycling specialist. Operating two large commercial sites, Sackers processes 35 million pounds of metal annually. They offer a comprehensive range of services, from skip hire to commercial waste contracts, catering to both domestic and commercial clients. Their website highlights dedication to social and business community benefits, emphasizing fair rates and exceptional service.

Financially, Sackers Ltd shows a mixed bag. While revenue remained stable at £58 million, current assets experienced a significant drop of 27%, falling to £10 million. Bank borrowings decreased by 5%, settling at £1.8 million, and cash reserves plummeted 65%, leaving just £700,000. Creditors also decreased by 7.1%, to £5.9 million. Net assets took a substantial hit, falling 45% to £3.1 million. Despite these challenges, the company's size (meeting two of three criteria for a large company) allows for agility. The company's auditor, Ensors Accountants LLP, has noted a fundamental uncertainty regarding the company’s continued operation due to an upcoming review of its bank funding agreement.

In conclusion, Sackers Ltd appears to be navigating a period of financial pressure, despite its established market position and commitment to sustainable practices. The company’s reliance on bank funding and the decline in key financial metrics warrant close monitoring, but its core business remains active and well-regarded within the waste management sector.

Registered in England/Wales under the registration number 01526052, with a registered address at IP6 0JB, United Kingdom, Ipswich, Suffolk, Railway Sidings Gipping Road, Great Blakenham.

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