Rakem Limited

Rakem Ltd, based in Bury, UK, is a large holding company with an active status, established 28 years ago. Employing 28 people, it holds assets worth £9,137,361 and generates £15,315,761 in yearly revenue. With a real address and overseen by two directors and one owner, it maintains a respectable Google rating of 4.0 based on seven reviews. The company regularly imports plastics and plastic products (98 months) and exports inorganic chemicals (16 months).

The company operates in the manufacture of other chemical products, acts as agents specializing in the sale of particular products, and engages in wholesale chemical product industries. It owns a company, Positive Associates Limited, and its directors are Byrne Jennifer Ann and Rafferty Kieran Patrick. The registered address is BL8 2BD, England, Bury, Lancashire, Irwell House, Wellington Street, which is a real address as only six companies are registered there.

Financially, Rakem Ltd presents a mixed picture. While current assets increased by 11.7% to £9,100,000, bank borrowings increased significantly by 1,000% to £1,200,000. Cash bank on hand, however, jumped a remarkable 610% to £2,400,000. Liabilities have increased, with accrued liabilities decreasing by 33% to £940,000. The company’s size—meeting two of three criteria for a large company (turnover more than £36 million, balance sheet total more than £18 million, and more than 250 employees)—suggests it’s a substantial player in its sector. The average number of employees has increased slightly by 7.1% to 30.

The company’s audit firm, DonnellyBentley Limited, has provided an audit, and the financial statements are prepared in accordance with UK GAAP. The company’s tax expense credit increased by 430% to £280,000. The company’s turnover decreased by 3.6% to £15,000,000, which could be a sign of changing market conditions. The company’s increase in bank borrowings, while concerning, could also indicate investment in growth or expansion, but it’s a trend worth monitoring.

Registered in England/Wales under the registration number 03253833, with a registered address at BL8 2BD, England, Bury, Lancashire, Irwell House, Wellington Street.

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