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Wrap Ltd

03800600

active
Private Limited Company
england wales
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
20/30
Financial
30/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)
  • 5 outstanding charges (-10)

Details

2 LESTER WAY, WALLINGFORD, OX10 9TA
Incorporated 05/07/1999

Compliance

Last accounts

30/09/2024

full

Next accounts due

30/06/2026

On track

Confirmation statement

Last: 18/06/2025

Due 02/07/2026

On track

Industry

38320
Recovery of sorted materials
47910
Retail sale via mail order houses or via Internet

Officers

Mrs Shahida Ahmed

secretary · Since 05/07/1999

BRITISH · Age 73

Also on 2 other boards

Mr Taskeen Ahmed

director · Since 01/02/2004

BUSINESS DEVELOPMENT DIRECTOR

BRITISH · ENGLAND · Age 49

Also on 7 other boards

Mr Mubin Ahmed

director · Since 20/05/2007

DIRECTOR

BRITISH · UNITED KINGDOM · Age 42

Also on 4 other boards

Persons with Significant Control

Mr Mubin Ahmed

25–50% shares

British · United Kingdom · Age 42

2, Lester Way, Wallingford, OX10 9TA

Notified 20/08/2018

Mr Taskeen Ahmed

25–50% shares

British · England · Age 49

2, Lester Way, Wallingford, OX10 9TA

Notified 20/08/2018

Charges5 outstanding

Charge
outstanding

HSBC UK BANK PLC

Created 17/04/2020Registered 22/04/2020
Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 04/08/2014Registered 06/08/2014
Charge
outstanding

BARCLAYS BANK PLC

Created 30/04/2014Registered 13/05/2014
Charge
outstanding

BARCLAYS BANK PLC

Created 30/04/2014Registered 13/05/2014
Charge
outstanding

BARCLAYS BANK PLC

Created 22/04/2014Registered 23/04/2014
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 15/10/2001Registered 02/11/2001Satisfied 29/11/2014

CompanyRankvs 151+ SIC 38320 peers
60

Financial strength91th percentile among SIC peers · 23/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.27× · 12/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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How is this score calculated?
Financial strength23/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity12/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Going concern doubt: -10 pts

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Directors with respect to going co

Key FinancialsYear ending 30/09/2024

Turnover

£48.5M

Annual revenue

Net Worth

£2.4M

Balance sheet strength

Cash

£1.9M

Cash in the bank

Profit Before Tax

£559k

Bottom line earnings

Net Current Assets

£2.1M

Working capital

Current Assets

£9.6M

Current Liabilities

£7.6M

Fixed Assets

£468k

Debtors

£6.7M

Cost of Sales

£42.9M

Gross Profit

£5.6M

Admin Expenses

£5.1M

Operating Profit

£437k

Profit After Tax

£474k

168avg. employees

Tax at Year End

Corp tax£425k

People Costs

Wages & salaries£5.5M
NI contributions£523k

Balance Sheet

Bank loans & overdrafts£158k
Assets less current liabilities£2.5M
Prepared with Caseware UK (AP4) 2024.0.164

EstimatesDerived

YearCurrent RatioImplied Profit
20241.27+£474k
20231.27+£792k
20191.16

Derived from filed accounts. Not audited figures.