Supplyrite Limited

Supplyrite Ltd, based in Telford, UK, is a small, family-run business with an active status, celebrating 22 years since its founding in 2002. With nine employees and £1,359,247 in assets, it’s a modest operation overseen by two directors and two owners. The company has a real address and enjoys a stellar 5.0 Google rating from nine reviews. It's an irregular importer, primarily dealing in iron or steel products, with its last import activity recorded two months ago in January 2025.

Supplyrite’s website paints a picture of a comprehensive industrial supplier. It's not a typical e-commerce site; instead, it functions as a catalogue and service portal. The company positions itself as a “single source” for fasteners, welding equipment, tools, and personal protective equipment (PPE). It caters to a range of industries, including precast concrete, agriculture, transport, and manufacturing, offering personalized stock management, sourcing of hard-to-find items, and even design and fitting services for bespoke stock systems. The site emphasizes quality, reliability, and compliance with safety standards.

Financially, Supplyrite Ltd’s recent performance shows some concerning trends. While current assets increased by 7.7% to £1,500,000, net assets remained stable at £1,100,000. However, cash bank on hand dropped significantly by 7.9% to £650,000. Trade debtors rose by 34% to £630,000, suggesting potential difficulties in collecting payments. Creditors also increased by 15% to £430,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the increase in debt and decline in cash reserves warrants attention. No auditor is mentioned, which is likely due to its status as a small, exempt company. The unaudited financial statements rely on director-reported data.

Overall, Supplyrite Ltd appears to be a well-established business with a strong reputation, but the financial data suggests it may be facing some cash flow challenges. The company's focus on service and bespoke solutions could be a key differentiator, but managing its debt and maintaining healthy cash reserves will be crucial for its long-term success.

Registered in England/Wales under the registration number 04601423, with a registered address at TF7 4JB, Telford, Shropshire, Unit D4 Court Works Ind Estate Bridgnorth Road, Madeley.

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