Wrap Ltd

Wrap Distribution, based in Reading, UK, is a well-established company with a 25-year history and an active status. Employing 177 people and boasting assets of £7,950,723, the company generates a yearly revenue of £33,355,367. It’s a large company, meeting two out of three criteria for size: turnover exceeding £36 million and a balance sheet total above £18 million. The business is family-owned and managed by three directors, with Ahmed Mubin and Ahmed Taskeen listed as owners. It has a 3.0 Google rating based on just two reviews.

Wrap Distribution specializes in warehousing, fulfilment, and discounted mailing services for retail and non-retail clients. Its website highlights a flagship 100,000 square foot facility in Oxfordshire and offers services ranging from goods storage to picking, packing, and shipping. The company clearly targets businesses seeking to efficiently manage their products, especially those experiencing rapid growth. It's a clear indication of an e-commerce focused business.

Financially, Wrap Distribution presents a mixed picture. While current assets increased by 16% to £8,000,000, bank borrowings have also risen by 23% to £190,000. Cash and cash equivalents are up 9.4% to £1,800,000. Creditors have increased by 19% to £6,300,000, which could be due to increased business activity. The company's turnover has increased by 9.8% to £33,000,000, but net losses have deepened. The company’s financial statements were audited by Menzies LLP. It’s likely that the increase in creditors and borrowings is a result of the company’s growth, but it’s something to keep an eye on. The company’s small size (meeting two of three criteria for size) helps it stay agile, but the sharp equity drop raises questions.

Registered in England/Wales under the registration number 03800600, with a registered address at OX10 9TA, England, Wallingford, 2 Lester Way.

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