Wrapex Limited

Wrapex Ltd, based in Fishponds, Bristol, UK, is a sizable company with a 30-year history, currently employing 38 people and holding assets valued at £12,834,162. As a holding company with an active status, it operates from a real address and is overseen by three directors and one owner. The company boasts a Google rating of 3.0 based on three reviews. Wrapex Ltd is a regular importer of aluminum and aluminum products (165 months) and a regular exporter of plastics and plastic products (68 months).

The company’s website, Prowrap, showcases a range of films, foils, and parchment products geared towards professional kitchens. It’s clear Prowrap is primarily an e-commerce business, selling directly to catering and food service providers. The site emphasizes quality, innovation, and responsible sourcing, highlighting awards and partnerships. Products range from cling film and foil dispensers to baking papers and piping bags, with a focus on speedwrap catering dispensers. The website also features a news section, promoting recent awards and industry trends.

Financially, Wrapex Ltd presents a mixed picture. While cash reserves increased by a respectable 25% to £1.4 million, net assets declined by 11% to £6.1 million. Bank borrowings surged by 72% to £17,000, and administrative expenses increased by 11% to £2.6 million. Although the company’s turnover is substantial, it appears to have met two of three conditions to be considered a large company. Creditors decreased by 18%, suggesting improved debt management. The company’s auditor is Saffery LLP.

The increase in administrative expenses, combined with the decrease in net assets, suggests that Wrapex Ltd may be investing heavily in its business or facing increased costs. The company's reliance on e-commerce, while providing flexibility, also exposes it to competition and fluctuating market conditions. It’s likely that the company’s success hinges on maintaining its reputation for quality and innovation within the catering supplies market.

Registered in England/Wales under the registration number 02981251, with a registered address at BS16 3JB, Lodge Causeway Fishponds, Bristol, Unit 6 Lodge Causeway Trading, Estate.

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