Rail Spares Limited

Rail Spares Limited, based in Kilmarnock, UK, is a small, active company founded 16 years ago in 2008. With just three employees and £105,601 in assets, it’s a solo-founded operation with two directors. The company holds a stellar 5.0 Google rating from one review, and operates from a real address. It’s an irregular importer, primarily dealing in railway and tramway vehicles and parts, with recent activity recorded just two months ago.

The company’s website highlights its focus on providing quality spare parts and services to the UK rail industry. They offer a range of solutions, including sourcing parts, solving obsolescence issues, material kitting, component overhaul, and material storage. They even have a case studies section, which is nice. The website gives the impression of a company with a lot of experience.

Financially, Rail Spares Limited’s picture is a bit mixed. Current assets have increased by 19% to £110,000, while net assets have decreased by 20% to £28,000. Bank borrowings have jumped, reaching £310, and cash reserves have completely disappeared, falling 100% to zero. Creditors have also increased by 33%, suggesting a need for better cash flow management. 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 drop in equity is a concern. The company is exempt from an audit, so the figures are unaudited.

Overall, Rail Spares Limited appears to be navigating a challenging period. While it maintains a strong reputation for its services, the financial data suggests a need for careful attention to cash flow and cost control.

Registered in Scotland under the registration number SC344270, with a registered address at KA1 2NP, Scotland, Kilmarnock, East Ayrshire, Unit 1 Munro Place.

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