The Crane Pad Shop Ltd

The Crane Pad Shop Ltd, based in Wolverhampton, UK, is a small, active company founded three years ago in 2021. With just two employees and £67,361 in assets, it operates from a virtual address – a point of concern given sixty-five other companies are registered at the same location. The company is run by two directors, with Grizzle Charles as the sole owner. It has an e-commerce site, offering a range of crane pads and related products. It regularly imports plastics and plastic products, with nineteen months of import activity recorded, the latest in February 2025. It also exports leather goods, travel bags, and animal harnesses, but only irregularly, with one month of export activity recorded in April 2023.

The company’s website showcases a focus on crane safety, offering a wide range of pads, mats, and cribbing solutions for various industries, including construction and nuclear. It emphasizes durable, high-quality products made from ultra-high molecular weight polyethylene (UHMWPE), and offers both standard and custom-designed options. The site also features customer testimonials and blog content highlighting the importance of crane safety.

Financially, The Crane Pad Shop Ltd’s numbers present a mixed picture. Cash bank on hand increased significantly, up 190% to £26,000, which is good news. However, net current assets and liabilities took a sharp downturn, dropping 320% to -£1,900. Trade debtors decreased by 57%, which is a positive sign, but other creditors increased by 280% to £44,000. 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 agility, but the decrease in equity – down 100% to -£75 – is a cause for concern. As a small company, it’s exempt from an audit, so the figures are unaudited.

Overall, The Crane Pad Shop Ltd appears to be navigating a period of financial adjustment. While its e-commerce platform and product offerings show promise, the company will need to address the recent declines in equity and net assets to ensure long-term sustainability.

Registered in England/Wales under the registration number 13356628, with a registered address at WV1 4DG, England, Wolverhampton, West Midlands, 34 Waterloo Road.

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