City Rewinds & Drives Ltd

City Rewinds & Drives Ltd from Leicester UK: a small holding company with an active status, has been operating for 25 years. Employing 16 people, it holds £827,383 in assets and boasts a solid 4.0 Google rating from 12 reviews. It's a real address, managed by one director and one owner, and functions as an irregular importer, primarily dealing in machinery, boilers, and mechanical appliances; parts, with a recent import operation recorded just one month ago.

The company's core business revolves around the repair of electrical equipment, a service it provides from its base in Leicester. While it doesn’s have a website, the business operates as a holding company, suggesting it may have other ventures beyond its repair services.

Financially, City Rewinds & Drives Ltd presents a mixed picture. Current assets have increased by 47%, reaching £830,000, indicating improved liquidity. However, net assets have also seen a significant jump, rising 76% to £470,000. Bank borrowings have increased by a staggering 2,400%, reaching £29,000, while cash reserves have fallen 30% to £28,000. Creditors have decreased by 18%, suggesting better debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile. With no auditor mentioned, the figures rely on unaudited statements.

Overall, City Rewinds & Drives Ltd appears to be growing, but the increase in bank borrowings warrants attention. It’s a steady operation, but it’s important to keep an eye on its financial trajectory.

Registered in England/Wales under the registration number 03991466, with a registered address at LE4 9HA, Leicester, Leicestershire, Unit K2 Troonway Business Centre, Humberstone Lane.

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