Saraco Industries Limited

Saraco Industries Ltd, based in Bolton, UK, is a sizable company with an active status, operating as a holding company. Founded nineteen years ago in 2005, it employs ninety-three people and boasts annual revenue of £24,039,682. The company, with five directors and one owner, maintains a real address and holds a respectable Google rating of 4.0 based on forty-five reviews. It regularly imports and exports miscellaneous manufactured goods, with a long history of both activities.

Saraco Industries Ltd is a leading manufacturer of disposable wet wipes, operating both a UK-based production facility and a thriving e-commerce presence. The company specializes in private label and own label production, supplying its products to supermarkets, retailers, distributors, and wholesalers across the UK and worldwide. Their website highlights a wide range of wet wipes, including baby wipes, facial wipes, household cleaning wipes, and antibacterial wipes, emphasizing in-house formulations, rigorous testing, and adherence to ISO 9001 and ISO 22716 standards. The company also owns brands like Greenshield, Clean Go, Pure, and Cuties, and offers custom product development services. Sustainability is a key focus, with efforts to incorporate biodegradable fabrics, recyclable packaging, and reduce waste.

Looking at the company's financial health, there are some interesting trends. Accumulated depreciation on plant and machinery increased by 23%, while leasehold improvements saw a significant decrease of -100%. Administrative expenses fell considerably by -60%, and bank borrowings completely vanished, dropping -100%. However, the amount owed to directors decreased substantially, falling -85%, and bank overdrafts also decreased, falling -66%. Turnover increased by 8.7% to £24,039,682, but net losses deepened, suggesting increased costs or pricing pressures. Creditors decreased slightly, suggesting improved debt management, but cash reserves are low. The company’s small size (meeting two of three criteria for a large company) allows for agility, but the decline in equity is a concern. The financial statements are unaudited, so the figures rely on internal reporting.

Overall, Saraco Industries Ltd appears to be a well-established manufacturer facing typical challenges in a competitive market. The company’s focus on sustainability and customisation could provide a competitive advantage, but managing costs and maintaining profitability will be crucial for long-term success.

Registered in England/Wales under the registration number 05446285, with a registered address at BL1 4RA, Bolton, Parkside House, 167 Chorley New Road.

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