R & M Heys Limited

R & M Heys Ltd, based in Rossendale, UK, is a small, family-run business with an active status, having been established 19 years ago. The company employs 20 people and holds £426,815 in assets. With three directors and two owners, it’s a tight-knit operation boasting a perfect 5.0 Google rating from three reviews. They regularly import footwear and related items, with 53 months of import activity recorded.

The company’s website, RM Heys Footwear Manufacturers, reveals a focus on footwear manufacturing, product development, and design. They even do remedial work. A key partnership is with Cosyfeet, a company known for its commitment to British manufacturing—a value that RM Heys shares. They also offer services like cutting, closing, sewing, adhesive lamination. The website is well-designed and professional.

Financially, R & M Heys Ltd shows a mixed picture. Current assets have decreased by 7.6% to £430,000, while net assets have fallen 16% to £280,000. Cash bank on hand has increased by 18% to £100,000, which is good news. However, creditors have risen by 6.5% to £190,000, and fixed assets have declined by 13%. 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 remain flexible. The sharp decline in equity, however, is a concern. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, R & M Heys Ltd appears to be navigating some financial headwinds, but its strong partnerships and focus on quality manufacturing suggest it has the potential to weather the storm. The increased future minimum lease payments, however, is something to watch.

Registered in England/Wales under the registration number 05479063, with a registered address at BB4 5QR, Rossendale, Lancashire, The Old Market Hall Chapel Street, Haslingden.

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