Radiocoms Systems Limited

Radiocoms Systems Ltd, based in London UK, is a sizable company with a holding structure, currently active after being founded 22 years ago. Employing 52 people and holding assets of £7,627,877, it operates from a real address and is overseen by five directors and a single owner. The company boasts a solid 4.0 Google rating from 14 reviews and regularly imports and exports electrical machinery and equipment, with 102 months of import activity and 139 months of export activity recorded.

The company’s website showcases a broad range of communication solutions, from two-way radios and bodycams to software applications and push-to-talk solutions. It caters to various industries, including airports, construction, emergency services, and healthcare, offering a comprehensive suite of products and services. It appears they are a reseller and systems integrator rather than a manufacturer.

Financially, Radiocoms Systems Ltd demonstrates a mixed picture. Current assets increased by a significant 24%, reaching £7.6 million, while net assets also increased by 27% to £5.5 million. However, bank borrowings decreased by a substantial 59%, falling to £20,000, and cash reserves declined by 11% to £100,000. Creditors decreased by 18%, which could indicate improved debt management. The company meets two of three criteria to be considered a large company, indicating a turnover of over £36 million, balance sheet total over £18 million, and more than 250 employees.

The surge in administrative expenses by 19% suggests increased operational costs, possibly linked to staffing or marketing efforts. While the company’s overall financial position appears stable, the decrease in cash reserves warrants monitoring. The unaudited financial statements, prepared by Silver Levene (UK) Limited, don’t provide a full picture of the company's long-term financial health, but the increase in assets and net assets is a positive sign. The company’s management team has recently changed, which is a good sign for potential investors.

Registered in England/Wales under the registration number 04544886, with a registered address at NW10 6QD, London, Unit 3 The Chase Centre, 8 Chase Road Park Royal.

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