Rac Engineering Services Ltd

Rac Engineering Services Ltd, based in London, UK, is a large, active company founded four years ago. Employing ten people, it holds £13.3 million in assets and generates £15.7 million in revenue annually. With a real address and a single director and owner, the company is an irregular importer of machinery, boilers, and mechanical appliances, with just one month of imports recorded as of December 01, 2023.

The company operates in the construction of commercial buildings industries. Its website, while functional, simply states "You need to enable JavaScript to run this app," suggesting a basic online presence and limited e-commerce functionality. It doesn’s offer much detail about its services beyond the core business.

Financially, Rac Engineering Services Ltd shows a mixed picture. While net assets increased by a substantial 400%, reaching £1.2 million, bank borrowings have also risen significantly. Creditors increased by 28%, and trade debtors are up 27%. Cash reserves, however, have seen a significant boost, increasing by 110% to £1.2 million. Administrative expenses have risen by 41%, and staff costs are up 24%. The company meets the criteria for a large company, having turnover more than £36 million, balance sheet more than £18 million, and employees more than 250. The company’s auditor is Barnes Roffe LLP. The increase in administrative expenses and staff costs, alongside the rise in bank borrowings, may indicate investment in growth or increased operational costs, but the strong cash position suggests the company is managing these pressures effectively. The lack of detailed financial data beyond the key figures makes it difficult to draw definitive conclusions, but the overall trend points to a company experiencing growth and expansion, albeit with some financial challenges.

Registered in England/Wales under the registration number 12680005, with a registered address at NW10 7SJ, England, London, 27 Abbey Road.

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