R & R Laundry Equipment Limited

R & R Laundry Equipment Ltd, based in St. Ives, UK, is a small, family-run business with an active status, having operated for 39 years. Employing just six people, the company holds £867,274 in assets, though its registered address is a virtual one, shared by many other companies. Two directors and two owners manage the business, which is a regular exporter of machinery, boilers, and mechanical appliances—parts, with 10 months of export activity recorded, the last in February 2023. It’s an irregular importer, with its top import category being machinery parts, imported for just two months, the last in May 2016.

The company's website highlights its specialization in sourcing, buying, and selling used and remanufactured laundry equipment, both in the UK and globally. With 60 years of combined experience, R & R Laundry Equipment caters to a wide range of clients, offering everything from washing machines and ironing equipment to boilers and ancillary components. The website showcases a selection of equipment for sale, including feeders, ironing lines, and folders, and emphasizes the company’s ability to meet client requirements. The business even owns a company called Gungrange Limited.

Financially, R & R Laundry Equipment Ltd presents a mixed picture. Current assets increased by a solid 57% to £870,000, while net assets also rose significantly by 100% to £110,000. However, bank borrowings decreased by 14%, reaching £93,000, and creditors increased by a substantial 68%, reaching £800,000. Debtor levels increased by a hefty 93%, to £850,000, which could indicate increased sales or extended payment terms. 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, but the rise in creditors suggests a need to manage cash flow. The company is exempt from an audit, so the figures are unaudited. Overall, R & R Laundry Equipment Ltd appears to be growing, but keeping a close eye on its debts will be important.

Registered in England/Wales under the registration number 01915494, with a registered address at PE27 5BH, England, St. Ives, The Station House, 15 Station Road.

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