Smartlift Bulk Packaging Ltd.

Smartlift Bulk Packaging Ltd from King's Lynn UK: small company, holding company, active status, founded 17 years ago, 17 employees, £3,549,873 assets, real address, 9 directors, 2 owners. Regular importer of various textile products, sets, used clothing, and rags (140 months imported). Regular exporter of various textile products, sets, used clothing, and rags (6 months exported). It’s a small, active holding company with a long history, operating for seventeen years and employing seventeen people. The company holds a substantial £3,549,873 in assets and maintains a real registered address, overseen by nine directors and two owners. Its core business revolves around importing and exporting textile products, including used clothing and rags, with a significant 140 months of import activity recorded and six months of exports.

The company’s website doesn't provide much detail beyond its core business. It appears to be primarily focused on the import and export of textile goods, with no obvious e-commerce presence. There's no indication of online sales or a direct-to-consumer model. The focus seems to be on wholesale or business-to-business transactions.

Financially, Smartlift Bulk Packaging Ltd shows some concerning trends. While current assets decreased by 14% to £3,500,000, net assets increased by 5% to £2,100,000. Bank borrowings surged by 220%, reaching £870,000, and cash reserves fell by 3.3% to £300,000. Creditors decreased by 12%, 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 stay agile, but the increase in bank borrowings raises questions. There’s no auditor mentioned, likely due to the company’s exemption as a small entity. The accounts are unaudited, relying on director-reported data.

Overall, Smartlift Bulk Packaging Ltd seems to be navigating a period of financial adjustment. While its import and export operations remain active, the increase in borrowing suggests a need for careful financial management. The company's long-standing presence and established network of suppliers and customers likely provide a buffer against short-term challenges, but sustained growth will depend on maintaining a healthy balance sheet and controlling costs.

Registered in England/Wales under the registration number 06370540, with a registered address at PE34 4FR, England, King's Lynn, Smartlift Way Station Road, Terrington St. Clement.

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