R & S Components Ltd

R & S Components Ltd, based in Batley, UK, is a small, active company founded twelve years ago. Employing ten people and holding £950,900 in assets, it operates from a real address and is managed by three directors and one owner. The company has been importing goods for a significant 95 months, though the specific category remains unspecified, and has exported goods for three months.

The company's website, RS Components Ltd, showcases a wide array of fabrics, fixings, and legs, primarily catering to the bedding and furniture industries. It's clear the company operates as a wholesale supplier, offering a vast selection of fabrics like chenille, crushed velvet, and PVC leather, alongside essential fixings and components. The website's established "Explore an extensive array of FABRICS" section suggests a focus on B2B sales rather than direct consumer retail. It’s a well-designed site, with a clear product catalog and a dedicated "Trade Account" section, indicating a focus on wholesale clients.

Financially, R & S Components Ltd presents a mixed picture. While current assets remain stable at £950,000, other indicators raise concerns. Bank borrowings have decreased significantly, dropping 58% to £58,000, which could be a positive sign of improved cashflow management. However, cash reserves have plummeted 76%, leaving just £13,000 on hand. Creditors have increased by 17%, reaching £540,000, suggesting the company is relying more on credit from suppliers. Depreciation on property, plant, and equipment has increased, particularly for vehicles, indicating investment or increased wear and tear. Director remuneration has also risen by 20%, reaching £63,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the decrease in equity – dropping 6.4% to £270,000 – warrants closer scrutiny. No auditor is mentioned, which is common for small, exempt companies.

Overall, R & S Components Ltd appears to be navigating a period of change. While it maintains a steady stream of imports and exports, the decline in cash reserves and increase in creditors suggest it’s burning through money a bit quicker than it’s bringing it in. The company’s reliance on credit and the increase in director pay indicate a need to carefully monitor expenses and ensure sustainable growth.

Registered in England/Wales under the registration number 08267221, with a registered address at WF17 5AE, Batley, West Yorkshire, Unit 2 Field Lane.

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