Raccortubi Uk Ltd

Raccortubi Uk Ltd, based in Aberdeen, UK, is a small holding company with an active status, established nineteen years ago in 2005. The company employs ten people and holds assets totaling £6,788,757. It has two directors and one owner, and operates from a real address shared by only two other companies. Regularly importing iron or steel products for 126 months, with the latest operation in August 2024, and exporting for eleven months, with the last operation in March 2021, Raccortubi Uk Ltd is a key player in the metals and metal ores wholesale industry.

The company's website highlights its role as a partner for piping needs, offering a wide range of products including pipes, flanges, and fittings. It’s clear that Raccortubi Uk Ltd manufactures, stocks, and supplies piping materials for critical applications, with a focus on high-quality restoration and disaster recovery services for pianos. The website details a broad spectrum of solutions, from production and distribution to projects and applications, catering to industries like chemical plants, shipyards, and power plants.

Financially, Raccortubi Uk Ltd presents a mixed picture. While current assets increased by 12% to £6,800,000, net losses deepened to -£23,000. Bank borrowings surged by 2,400%, reaching £29,000, and cash reserves fell 10% to £540,000. Creditors increased by 34% to £1,600,000, suggesting increased reliance on short-term financing. 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 sharp loss raises concerns. The lack of an auditor mentioned (likely exempt as a small company) means the figures rely on unaudited statements.

It's clear that Raccortubi Uk Ltd is holding steady but facing pressures. The company's piano arm, meanwhile, thrives on prestige and heritage—a contrast to the more modest retail operations. Whether the two can sustain each other long-term remains to be seen.

Registered in Scotland under the registration number SC290474, with a registered address at AB21 0PS, Scotland, Aberdeen, Building 2 Blackburn Industrial Park, Blackburn.

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